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317 Broadway 7,692 SF Retail Building New York, NY 10007 For Sale
INVESTMENT HIGHLIGHTS
- Existing Structure: Vacant two-story former McDonald’s building
- Corner site offering exceptional visibility and light
- Opportunity for Additional Air Rights + Cantilever over 315 Broadway
- Prime Tribeca Market
EXECUTIVE SUMMARY
Avison Young, as exclusive agent, is pleased to offer for sale 2 Thomas Street / 317 Broadway (the “Site”), a prime development opportunity located at the corner of Thomas Street and Broadway in Tribeca—one of Manhattan’s most coveted neighborhoods. The Site measures approximately 2,639 SF with 25 feet of frontage on Broadway and 105.25 feet on Thomas Street. It is currently improved by a vacant, two-story former McDonald’s building. The property is located within the C6-4A / R10A zoning district, allowing for a 10.0 FAR residential, 12.0 FAR with Universal Affordability Preference, and 10.0 FAR commercial, presenting significant development potential in a high-demand luxury market.
Ownership intends to execute a transaction based on as-of-right zoning and massing. As an additional value-add, ownership is prepared to allow a cantilever over 315 Broadway to enable further expansion potential; however, no transaction can be contingent upon obtaining cantilever approval.
Ownership intends to execute a transaction based on as-of-right zoning and massing. As an additional value-add, ownership is prepared to allow a cantilever over 315 Broadway to enable further expansion potential; however, no transaction can be contingent upon obtaining cantilever approval.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Fast Food
Building Size
7,692 SF
Building Class
C
Year Built
1982
Tenancy
Single
Building Height
2 Stories
Building FAR
2.91
Lot Size
0.06 AC
Zoning
C6-4A/R10A - C6-4 Zoning is a General Central Commercial Zoning district in NYC.
Frontage
AMENITIES
- Bus Line
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (85)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0151-0028 | Improvements Assessment | $552,150 |
| Land Assessment | $580,500 | Total Assessment | $1,132,650 |
PROPERTY TAXES
Parcel Number
0151-0028
Land Assessment
$580,500
Improvements Assessment
$552,150
Total Assessment
$1,132,650
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317 Broadway
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