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347 W Broadway
New York, NY 10013
Retail Property For Sale
Investment Highlights
- Located in SoHo, Manhattan’s premier luxury retail corridor.
- Contractual 3% annual rent escalations provide consistent revenue growth.
- Minimal management commitment, offering a true turnkey investment.
- Fully occupied under a long-term lease through December 2031.
- Tenant responsible for 100% of common charges and tax increases.
- High-barrier-to-entry location with strong surrounding co-tenancy and foot traffic.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | APN/Parcel ID | 0475-1001 |
| Cap Rate | 4.98% |
| Sale Type | Investment |
| Cap Rate | 4.98% |
| APN/Parcel ID | 0475-1001 |
Sale Notes
347 West Broadway presents a rare opportunity to own a fully occupied ground-floor retail condominium in the heart of Manhattan’s SoHo shopping district. Positioned along one of the most prestigious retail corridors, the property combines strong real estate fundamentals with an attractive income profile. The 2,200 SF unit is leased to Jenna Perry LLC, a well-established hair salon and stylist training business, ensuring steady cash flow backed by a personal guaranty from the tenant.
The lease commenced in December 2021 and runs through December 2031, featuring 3% annual rent escalations. The current annual rent is $260,981.40 and will continue to increase annually over the remaining term. The tenant assumes 100% of common area charges and real estate tax escalations, minimizing the owner’s operating responsibilities and expenses.
This asset offers investors secure, predictable returns in a high-demand, supply-constrained submarket. Surrounded by world-class retail, dining, and lifestyle destinations, 347 West Broadway provides long-term stability and an exceptional address in one of New York City’s most desirable neighborhoods.
The lease commenced in December 2021 and runs through December 2031, featuring 3% annual rent escalations. The current annual rent is $260,981.40 and will continue to increase annually over the remaining term. The tenant assumes 100% of common area charges and real estate tax escalations, minimizing the owner’s operating responsibilities and expenses.
This asset offers investors secure, predictable returns in a high-demand, supply-constrained submarket. Surrounded by world-class retail, dining, and lifestyle destinations, 347 West Broadway provides long-term stability and an exceptional address in one of New York City’s most desirable neighborhoods.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 1 | 2,200 SF | Retail | Upon Request | $199,033.71 |
Unit 1
| Unit Size |
| 2,200 SF |
| Condo Use |
| Retail |
| Price |
| Upon Request |
| NOI |
| $199,033.71 |
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Unit 1
| Unit Size | 2,200 SF |
| Condo Use | Retail |
| Price | Upon Request |
| NOI | $199,033.71 |
| Sale Type | Investment |
| Cap Rate | 4.98% |
| APN/Parcel ID | 0475-1001 |
| Sale Notes | |
| 347 West Broadway presents a rare opportunity to own a fully occupied ground-floor retail condominium in the heart of Manhattan’s SoHo shopping district. Positioned along one of the most prestigious retail corridors, the property combines strong real estate fundamentals with an attractive income profile. The 2,200 SF unit is leased to Jenna Perry LLC, a well-established hair salon and stylist training business, ensuring steady cash flow backed by a personal guaranty from the tenant.<br> The lease commenced in December 2021 and runs through December 2031, featuring 3% annual rent escalations. The current annual rent is $260,981.40 and will continue to increase annually over the remaining term. The tenant assumes 100% of common area charges and real estate tax escalations, minimizing the owner’s operating responsibilities and expenses.<br> This asset offers investors secure, predictable returns in a high-demand, supply-constrained submarket. Surrounded by world-class retail, dining, and lifestyle destinations, 347 West Broadway provides long-term stability and an exceptional address in one of New York City’s most desirable neighborhoods.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 11,250 SF | Floors | 7 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 2,250 SF |
| Property Subtype | Apartment | Year Built | 1910 |
| Building Class | C | Lot Size | 0.06 AC |
| Zoning | M1-5B - M1-5B zoning allows light manufacturing, commercial, and limited residential use in SoHo, with specific building and use restrictions. | ||
| Total Building Size | 11,250 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 7 |
| Typical Floor Size | 2,250 SF |
| Year Built | 1910 |
| Lot Size | 0.06 AC |
| Zoning | M1-5B - M1-5B zoning allows light manufacturing, commercial, and limited residential use in SoHo, with specific building and use restrictions. |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 7 | - | - |
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