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Value-Add/Vacant Retail Space In FiDi 33 Broad St
3,755 SF Retail Condo Unit Online Auction Sale New York, NY 10004
Investment Highlights
- 33 Broad Street is a prime commercial condo in Manhattan's Financial District, offering 3,755 square feet of ground-level and mezzanine space.
- Currently vacant, the retail space presents an opportunity for owner/user or for an investor to capture the high Manhattan retail market demand.
- Area boasts a dense population of over 400,000, a median income of nearly $120,000, and annual consumer spending of $6.5 billion.
- Near luxury retailers like Hermes, Tiffany & Co, and Cipriani, with easy access to major attractions such as One World Trade Center and more.
- Area is highly accessible, with the Rector Street, Wall Street, and Broad Street subway stations all within a four-minute walk.
- In a thriving Financial District retail submarket, with low vacancy rates and rising rents, underscores the long-term value of this investment.
Executive Summary
33 Broad Street, Unit COMM C, is a retail condominium offering approximately 3,755 square feet of premium ground-level and mezzanine space in the heart of Manhattan’s Financial District. Situated within the prestigious Broad Exchange building at 25 Broad Street, a Class A, 21-story multifamily property, this retail unit is currently vacant with little upfront work needed. 33 Broad Street, Unit COMM C presents an excellent opportunity for owner-occupancy, or for an investor to capture the demand in one of Manhattan’s most dynamic submarkets. The property’s location in the Financial District offers exceptional infrastructure and proximity to key amenities and transport hubs. High-end retailers like Hermes, Tiffany & Co, and Cipriani are just steps away. The area boasts numerous demand drivers, including One World Trade Center, The National 9/11 Memorial and Museum, Battery Park, and the vibrant Stone Street. The retail unit benefits from unparalleled accessibility, just a short walk from the Rector Street, Wall Street, and Broad Street subway stations, making it a walker’s paradise. The Financial District is a bustling area with luxury high-rise residences, trendy restaurants, and popular waterfront parks like the Battery and South Street Seaport. The local population exceeds 400,000 within a 2-mile radius, with a median income nearing $120,000 and an annual consumer spending of $6.5 billion. With a retail vacancy rate of just 0.7% — a significant 3.1% decrease from the previous year — the Financial District retail submarket is thriving. Over the past three years, rents have increased by 2.1%, with a broader market increase of 4.5% in New York. Positioned in one of the oldest and most historic areas of New York City, 33 Broad Street offers a unique opportunity to invest in a vibrant neighborhood that seamlessly blends classic architecture, modern skyscrapers, and iconic landmarks like Wall Street and the Canyon of Heroes. This retail condo represents a rare chance to own a piece of Manhattan's history while capitalizing on its future growth potential.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
Property Facts
| Unit Size | 3,755 SF | Building Class | A |
| No. Units | 1 | Floors | 21 |
| Total Building Size | 412,133 SF | Typical Floor Size | 10,900 SF |
| Property Type | Multifamily (Condo) | Year Built | 1900 |
| Property Subtype | Apartment | Lot Size | 0.56 AC |
| Sale Type | Investment | Sale Conditions | Auction Sale |
| Unit Size | 3,755 SF |
| No. Units | 1 |
| Total Building Size | 412,133 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Sale Type | Investment |
| Building Class | A |
| Floors | 21 |
| Typical Floor Size | 10,900 SF |
| Year Built | 1900 |
| Lot Size | 0.56 AC |
| Sale Conditions | Auction Sale |
1 Unit Available
Unit Comm C
| Unit Size | 3,755 SF | Sale Type | Investment |
| Condo Use | Retail | APN/Parcel ID | 0025-1003 |
| Unit Size | 3,755 SF |
| Condo Use | Retail |
| Sale Type | Investment |
| APN/Parcel ID | 0025-1003 |
Description
READY FOR OCCUPANCY WITH LITTLE UPFRONT WORK NEEDED (FORMERLY HOME TO SUIT MAKERS CANALI & INDOCHINO).
LESS THAN A FOUR-MINUTE WALK TO THE RECTOR STREET, WALL STREET, AND BROAD STREET SUBWAY STATIONS
NEIGHBORING TENANTS INCLUDE HERMES, TIFFANY & CO, AND CIPRIANI
Amenities
- Ventilation - Venting
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Microwave
- Washer/Dryer
- Granite Countertops
- Hardwood Floors
- Vaulted Ceiling
- High Speed Internet Access
- Refrigerator
- Stainless Steel Appliances
- Walk-In Closets
- Skylights
- Warming Drawer
- Wheelchair Accessible (Rooms)
- Window Coverings
Site Amenities
- Clubhouse
- Fitness Center
- Laundry Facilities
- Property Manager on Site
- Doorman
- Gameroom
- Grill
- Package Service
- Community-Wide WiFi
- Elevator
- Lounge
- Maintenance on site
- Sundeck
zoning
| Zoning Code | C5-5, New York, (D9) (Central Commercial District, Retail Frontage) |
| C5-5, New York, (D9) (Central Commercial District, Retail Frontage) |
Sale Advisor
Sale Advisor
Jonathan Braun, Director
investment sales team. Prior to coming to Lee, Mr. Braun worked on the
Capital Markets team at Venture Capital Properties.
His primary responsibilities at Lee & Associates include lead origination,
cultivating new relationships, conducting market research, and data
validation.
Mr. Braun attended the University of Nebraska – Lincoln, where he was a
member of Alpha Tau Omega and served as the fraternity’s social chair. He
is also currently enrolled in the real estate certificate program at NYU’s
School of Professional Studies.
Before entering the real estate industry, Mr. Braun was a territory sales
representative for Sandhills Global in Lincoln, Nebraska.
About the Auction Platform
-
Jonathan Braun -
Lee & Associates
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Value-Add/Vacant Retail Space In FiDi | 33 Broad St
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