424-426 Broadway
New York, NY 10013
Office Property For Sale · 35,000 SF

424 Broadway – 2nd & 3rd Floors 3D Tour + Floor Plan: https://www.zillow.com/edit-3d-home/3196086 A rare opportunity to acquire one or two full-floor commercial loft condominiums located along the iconic Broadway corridor in prime SoHo. The offering includes the 2nd or, 3rd floor, each approximately 4,000 square feet, and may be purchased individually or as a combined opportunity, providing flexibility for investors, owner-users, and hybrid buyers. Each floor features a classic loft layout with approximately 10’–12’ ceiling heights, strong natural light from multiple oversized windows, and direct elevator access, offering full-floor identity and privacy. The spaces are further supported by two private bathrooms and multiple existing sink hookups, providing valuable infrastructure for gallery, showroom, creative office, or specialized commercial use. Delivered in as-is condition, the units present a true blank canvas, allowing for full customization and repositioning to meet modern market demands. The 3rd floor is currently leased at $15,000 per month under a lease expiring May 31, 2027, providing near-term income with clear mark-to-market potential. Current rent reflects a pandemic-era lease at approximately $45/SF, well below today’s market levels. Based on current market conditions, comparable SoHo office and creative loft spaces are leasing in the range of approximately $65–$75/SF, positioning the asset for realistic and achievable income growth through renovation and leasing strategy. The property benefits from attractive carrying costs, with monthly common charges of approximately $1,850 per floor and annual real estate taxes of approximately $48,951 per floor, enhancing overall investment efficiency. Situated within a classic cast-iron façade building and surrounded by a vibrant mix of galleries, creative firms, and retail, 424 Broadway offers a compelling combination of location, flexibility, and long-term value.