100 Broad St
New York, NY 10004
Retail Property For Sale

100 Broad Street is a 24,438 square foot two-tenant retail property located on Broad Street between Pearl Street and Bridge Street in Manhattan’s Financial District. The property is 100% occupied, and it has 22 feet of frontage on Broad Street and 191 feet of frontage on both Pearl and Bridge Streets. Essen has a 15-year lease which runs through 2030. They occupy 7,208 square feet on the ground floor, and the entire 10,022 square foot lower-level. Their lease has a 3% yearly rental increase, and they are responsible for 67% of the property’s real estate taxes above their base-year of 2016/2017. They have two (5) five-year options to renew at Fair Market Value. Essen has six Manhattan locations. Luzzo’s has a 13-year lease which runs through 2030. They occupy 7,208 square feet on the second floor. They also have an outdoor rooftop dining and bar area, which is 6,940 square feet. Their lease has a 3% yearly rental increase, and they are responsible for 33% of the property’s real estate taxes above their base-year of 2017/2018. They have two (5) five-year options to renew at Fair Market Value. Luzzo’s Group currently operates six Southern Italian-inspired restaurants in New York, five in Manhattan and one in Brooklyn. AT&T Wireless has a cell tower on the roof. The have been a tenant at this location since 1995, and they recently executed a new five-year lease with 3% yearly rental increases. There are no available air rights at this property.