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521 Broadway 13,730 SF 100% Leased Office Building New York, NY 10012 For Sale
INVESTMENT HIGHLIGHTS
- Elevator Building
- High Ceiling Heights (12'0" - 14'8")
- Cash Flowing
- Recently Renovated
- Lots of Natural Light
- Long Term Upside
EXECUTIVE SUMMARY
Cushman & Wakefield has been exclusively retained to arrange the sale of 521 Broadway, a mixed-use, elevator building located on the west side of Broadway just south of Spring Street in the SoHo neighborhood of Manhattan.
The property spans approximately 13,730 gross square feet above-grade and features 4 commercial office units above retail. The building is 100% occupied with a weighted average lease term (WALT) of 1.6 years for the office component, offering prospective buyers both immediate cash flow and near-term upside with the ability to increase rents.
The retail space is anchored by Manière De Voir, a world-renowned fashion brand, who just signed a long-term 10-year lease, thereby providing exceptional cash-flow stability with prestigious tenancy.
The property recently underwent a significant renovation, which blends a modern, high-end design with a classic SoHo aesthetic.
Along with the ±17,428 square feet of unused air rights, this offering represents a rare opportunity to acquire a fully leased, cash-flowing property with potential upside in office rents.
Strategically located nearby one of the most valuable retail corridors in the entire city, the property is uniquely positioned to capitalize on Broadway’s foot traffic and Spring Street’s renowned luxury retail co-tenancy.
The property spans approximately 13,730 gross square feet above-grade and features 4 commercial office units above retail. The building is 100% occupied with a weighted average lease term (WALT) of 1.6 years for the office component, offering prospective buyers both immediate cash flow and near-term upside with the ability to increase rents.
The retail space is anchored by Manière De Voir, a world-renowned fashion brand, who just signed a long-term 10-year lease, thereby providing exceptional cash-flow stability with prestigious tenancy.
The property recently underwent a significant renovation, which blends a modern, high-end design with a classic SoHo aesthetic.
Along with the ±17,428 square feet of unused air rights, this offering represents a rare opportunity to acquire a fully leased, cash-flowing property with potential upside in office rents.
Strategically located nearby one of the most valuable retail corridors in the entire city, the property is uniquely positioned to capitalize on Broadway’s foot traffic and Spring Street’s renowned luxury retail co-tenancy.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
13,730 SF
Building Class
B
Year Built
1900
Percent Leased
100%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
2,598 SF
Building FAR
3.94
Lot Size
0.08 AC
Zoning
M1-5B/R9X - Light Industrial with Offices, Hotels, and Most Retail Uses Permited.
AMENITIES
- Signage
- Direct Elevator Exposure
- Air Conditioning
- Smoke Detector
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Walk Score®
Walker's Paradise (100)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (91)
PROPERTY TAXES
| Parcel Number | 0484-0012 | Improvements Assessment | $3,107,640 |
| Land Assessment | $810,000 | Total Assessment | $3,917,640 |
PROPERTY TAXES
Parcel Number
0484-0012
Land Assessment
$810,000
Improvements Assessment
$3,107,640
Total Assessment
$3,917,640
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MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
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STREET VIEW
STREET
MAP
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521 Broadway
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