535 Broadway
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535 Broadway
13,035 SF 100% Leased Retail Building New York, NY 10012 $26,500,000 ($2,033/SF)
Investment Highlights
- Pop Mart - a publicly traded global retailer with a $3 Billion Market Capitalization, 450 stores, and 2,300 Robo Shops in over 30 regions
- The ground floor offers 12-foot ceilings and mullion free windows: a prominent feature unique in the SoHo sub-market, allowing for better visibility
- Strong co-tenancy with numerous prominent brands and interactive retail establishments: Prada, Museum of Ice Cream, Bloomingdale’s, Nike Lab, and etc.
- 25 feet of frontage on Broadway, located within the heart of SoHo
- Spacious loft-like units, lightly renovated with the ability to add value through light cosmetic improvements or convert to luxury condominiums
- Proximity to public transportation: Broadway-Lafayette Street Subway Station, servicing the B,D,F,M and 6 trains
Executive Summary
Avison Young, as the exclusive agent, is pleased to offer for sale 535 Broadway (the ‘Property’), an iconic mixed-use building nestled within the historic cast-iron district of SoHo. Built in 1852, this architectural gem stands as a testament to the neighborhood’s rich heritage and cultural significance. Situated between Spring and Prince Streets, the Property is well-located in the heart of SoHo, renowned for its vibrant blend of artistic flair and upscale living.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
13,035 SF
Building Class
B
Year Built/Renovated
1900/2001
Price
$26,500,000
Price Per SF
$2,033
Percent Leased
100%
Tenancy
Multiple
Building Height
5 Stories
Building FAR
4.99
Land Acres
0.06 AC
Zoning
M15B, New York - Light industrial with offices, hotels, and most retail uses permitted
Frontage
30 FT on Broadway
Amenities
- Bus Line
- Metro/Subway
- Property Manager on Site
Walk Score ®
Walker's Paradise (100)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Biker's Paradise (91)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0498-0021 | Improvements Assessment | $1,698,300 |
| Land Assessment | $1,687,500 | Total Assessment | $3,385,800 |
PROPERTY TAXES
Parcel Number
0498-0021
Land Assessment
$1,687,500
Improvements Assessment
$1,698,300
Total Assessment
$3,385,800
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Brent Glodowski -
Eric Karmitz -
Alexandra Marolda -
Avison Young
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535 Broadway
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