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893 Broadway 25,442 SF 100% Leased Office Building New York, NY 10003 For Sale



INVESTMENT HIGHLIGHTS
- 893 Broadway presents investors with the opportunity to own 27.5 feet of prime frontage in the heart of the distinguished Flatiron District.
EXECUTIVE SUMMARY
Atlantic Capital Partners has been exclusively engaged to market for sale 893 Broadway, a boutique office building in the Flatiron District. Located on Broadway and East 19th Street just blocks from local landmarks including Union Square Park, The Flatiron Building and Madison Square Park, the five-story building features 25,442 square feet of retail and office space. Currently 100% leased, 893 Broadway presents investors with the opportunity to own 27.5 feet of prime frontage in the heart of the distinguished Flatiron District. Originally built in the 1840s, the building was modified in 1873 to its current format that provides entrances on Broadway and East 19th Street. The Neo-Grec style building was home to Lord & Taylor from 1907-1915. After acquiring the Property in 2018, current ownership did a full gut renovation of the building including the complete replacement of mechanical, HVAC, electrical, fire detection and suppression systems. Additionally, the renovation included a full restoration of the cast iron façade, retail
storefront, historic windows and sidewalk vault replacement. The transformation of the building is highlighted by the addition of a fifth floor penthouse that features terraces overlooking Broadway and East 19th street. The stunning renovation maintains the building’s Neo-Grec style that helps define the architectural and historic character of the Flatiron District, while also modernizing key infrastructure that will solidify its useful life for future owners.
storefront, historic windows and sidewalk vault replacement. The transformation of the building is highlighted by the addition of a fifth floor penthouse that features terraces overlooking Broadway and East 19th street. The stunning renovation maintains the building’s Neo-Grec style that helps define the architectural and historic character of the Flatiron District, while also modernizing key infrastructure that will solidify its useful life for future owners.
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
25,442 SF
Building Class
B
Year Built/Renovated
1840/2018
Percent Leased
100%
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
4,240 SF
Building FAR
5.99
Lot Size
0.10 AC
Zoning
M1-5M - Light Industrial with Offices, Hotels, and Most Retail Uses Permitted.
AMENITIES
- Bus Line
- Commuter Rail
- Metro/Subway
- Signage
- Central Heating
- High Ceilings
- Natural Light
- Air Conditioning
Walk Score®
Walker's Paradise (100)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (91)
PROPERTY TAXES
| Parcel Number | 0848-0014 | Improvements Assessment | $3,039,930 |
| Land Assessment | $747,000 | Total Assessment | $3,786,930 |
PROPERTY TAXES
Parcel Number
0848-0014
Land Assessment
$747,000
Improvements Assessment
$3,039,930
Total Assessment
$3,786,930
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893 Broadway
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