391 Broadway

3,240 SF Retail Condo Unit Offered at $3,750,000 in New York, NY 10013

Investment Highlights

  • 391 Broadway presents a rare opportunity for an investor or owner/user to purchase a ground-floor retail condo on New York’s popular Broadway.
  • Situated in Northern Tribeca at the base of a six-story residential building, upstairs loft apartments range in value from $3 to $7 million per unit.
  • Prime retail condo includes several recent improvements, 14' ceiling heights, exposed brick walls, and a 1,200-SF finished lower-level space.
  • Within steps of acclaimed restaurants, shops, galleries, Canal Street, and Franklin Street Station, minutes from the New Museum and Columbus Park.

Executive Summary

391 Broadway invites owner/users and investors to purchase a ground-floor retail condo in New York City’s Northern Tribeca area. The 11,300-square-foot property sits on the west side of Broadway, between Walker Street and White Street. Investors or owners/users can capitalize on this rare opportunity to own a premium space on one of New York’s most famous streets. This 3,240-square-foot unit includes a 1,200-square-foot finished lower level with two built-out offices. The ground floor boasts exposed brick walls, hardwood flooring, high-end interior finishes, 14-foot ceilings, and new stairs to the lower level. Benefit from recent improvements, including a new HVAC system and ductwork, new electrical and plumbing, a new partition wall with a sliding door separating retail and warehouse spaces, and new build-outs for bathrooms, storage, and IT rooms. 391 Broadway is near SoHo, Civic Centre, and the Financial District, with upstairs loft apartments ranging in value from $3 to $7 million per unit. The property is within walking distance of Canal Street and the Franklin Street Station, providing access to the 1, 2, 3, 4, 5, 6, A, C, E, J, R, and Z subway lines. The city’s most celebrated restaurants, galleries, shops, and points of interest, such as Columbus Park and the New Museum, are only a short distance away. Please do not disturb the tenant. Please note that this listing is for the street-level retail space and not for the multifamily space above.

Property Facts

Price $3,750,000
Unit Size 3,240 SF
No. Units 1
Total Building Size 12,866 SF
Property Type Multifamily (Condo)
Sale Type Investment or Owner User
Building Class C
Floors 2
Typical Floor Size 1,620 SF
Year Built 1915
Lot Size 0.06 AC

1 Unit Available

Unit Retail

Unit Size 3,240 SF
Price $3,750,000
Price Per SF $1,157.41
Condo Use Retail
Sale Type Investment or Owner User
Description

The property is situated on one of Broadway’s busiest corridors and benefits from the local foot traffic in the area. The building is within walking distance to the Canal Street and Franklin Street Subway Stations with access to the N, Q, R, W, J, Z, A, C, E and 1 trains.

Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (93)

Amenities

Unit Amenities

  • Air Conditioning
  • Heating
  • Kitchen
  • Basement

Site Amenities

  • On-Site Retail

zoning

Zoning Code C6-2A (Commercial)
  • Listing ID: 30070038

  • Date on Market: 7/6/2023

  • Last Updated:

  • Address: 391 Broadway, New York, NY 10013