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521 Broadway 13,730 SF 100% Leased Office Building New York, NY 10012 $32,000,000 ($2,330.66/SF)
INVESTMENT HIGHLIGHTS
- Prime SoHo frontage placed along one of Manhattan’s most trafficked retail corridors, drawing global footfall and consistent visibility.
- Recently renovated building offering high ceilings, natural light, and modern infrastructure that enhances long-term market competitiveness.
- Significant unused air rights allowing long-range expansion potential for investors seeking to maximize value.
- Fully stabilized income stream supported by a long-term, internationally recognized flagship retail tenant.
- Opportunity to unlock future growth as office leases roll into a strong, upward-moving SoHo creative office market.
- Surrounded by luxury brands, destination dining, and premier transit access that consistently support tenant demand.
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 was renovated in 2019 and features 4 commercial office units above retail. The building is 100% occupied with a weighted average lease term (WALT) of 1.8 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.
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 was renovated in 2019 and features 4 commercial office units above retail. The building is 100% occupied with a weighted average lease term (WALT) of 1.8 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.
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
Loft/Creative Space
Building Size
13,730 SF
Building Class
B
Year Built
1900
Price
$32,000,000
Price Per SF
$2,330.66
Percent Leased
100%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
3,379 SF
Slab To Slab
14’4”
Building FAR
3.94
Lot Size
0.08 AC
Zoning
M1-5B/R9X, SNX - 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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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
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STREET VIEW
STREET
MAP
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521 Broadway
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