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Investment Highlights
- Full-floor commercial condominium occupied through October 2027.
- Immediate access to F, B, D, J, and Z subway service.
- Positioned near civic, medical, and commercial destinations.
- Located along East Broadway within Manhattan's Chinatown neighborhood.
- In-place lease includes annual rental escalations.
- Located within a mixed-use building completed in 2008.
Executive Summary
The property consists of a full second-floor commercial condominium unit located at 98 East Broadway in Manhattan's Chinatown neighborhood. The unit contains approximately 3,207 square feet within a building totaling approximately 23,283 square feet and was constructed in 2008. The space is occupied by Happy Wealthy Adult Daycare Center under a lease reported through October 2027. The property is located near the East Broadway and Grand Street subway stations, providing access to the F, B, D, J, and Z train lines.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 4.73% |
| Sale Type | Investment |
| Cap Rate | 4.73% |
Sale Notes
98 East Broadway presents the opportunity to acquire an occupied commercial condominium in Manhattan's Chinatown neighborhood. Located along East Broadway, the property benefits from frontage within an active mixed-use corridor that serves a dense residential population, neighborhood businesses, community institutions, and local service providers. The location offers direct access to Lower Manhattan and Brooklyn through nearby F, B, D, J, and Z subway lines, supporting long-term tenant accessibility and connectivity throughout New York City.
The offering consists of the full second-floor commercial condominium unit within a larger mixed-use building completed in 2008. The space is currently occupied by Happy Wealthy Adult Daycare Center under a lease extending through October 2027, providing in-place tenancy and contractual rental income. The tenant's established occupancy, combined with annual rent escalations, offers investors a stabilized income stream within one of Manhattan's most active neighborhood commercial districts.
Chinatown continues to serve as a major commercial and cultural destination with a diverse mix of retail, medical, community, and service-oriented uses. The property's proximity to civic facilities, healthcare providers, neighborhood retail, and public transportation contributes to consistent demand from local businesses and service operators. With a full-floor configuration, institutional-quality transit access, and existing occupancy, the asset provides an opportunity to acquire a commercial condominium positioned within a well-established Manhattan neighborhood.
The offering consists of the full second-floor commercial condominium unit within a larger mixed-use building completed in 2008. The space is currently occupied by Happy Wealthy Adult Daycare Center under a lease extending through October 2027, providing in-place tenancy and contractual rental income. The tenant's established occupancy, combined with annual rent escalations, offers investors a stabilized income stream within one of Manhattan's most active neighborhood commercial districts.
Chinatown continues to serve as a major commercial and cultural destination with a diverse mix of retail, medical, community, and service-oriented uses. The property's proximity to civic facilities, healthcare providers, neighborhood retail, and public transportation contributes to consistent demand from local businesses and service operators. With a full-floor configuration, institutional-quality transit access, and existing occupancy, the asset provides an opportunity to acquire a commercial condominium positioned within a well-established Manhattan neighborhood.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 2 | 3,207 SF | Office/Retail | $1,800,000 ($561.27/SF) | $85,096 |
Unit 2
| Unit Size |
| 3,207 SF |
| Condo Use |
| Office/Retail |
| Price |
| $1,800,000 ($561.27/SF) |
| NOI |
| $85,096 |
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Unit 2
| Unit Size | 3,207 SF |
| Condo Use | Office/Retail |
| Price | $1,800,000 ($561.27/SF) |
| NOI | $85,096 |
| Sale Type | Investment |
| Cap Rate | 4.73% |
| Sale Notes | |
| 98 East Broadway presents the opportunity to acquire an occupied commercial condominium in Manhattan's Chinatown neighborhood. Located along East Broadway, the property benefits from frontage within an active mixed-use corridor that serves a dense residential population, neighborhood businesses, community institutions, and local service providers. The location offers direct access to Lower Manhattan and Brooklyn through nearby F, B, D, J, and Z subway lines, supporting long-term tenant accessibility and connectivity throughout New York City.<br> The offering consists of the full second-floor commercial condominium unit within a larger mixed-use building completed in 2008. The space is currently occupied by Happy Wealthy Adult Daycare Center under a lease extending through October 2027, providing in-place tenancy and contractual rental income. The tenant's established occupancy, combined with annual rent escalations, offers investors a stabilized income stream within one of Manhattan's most active neighborhood commercial districts.<br> Chinatown continues to serve as a major commercial and cultural destination with a diverse mix of retail, medical, community, and service-oriented uses. The property's proximity to civic facilities, healthcare providers, neighborhood retail, and public transportation contributes to consistent demand from local businesses and service operators. With a full-floor configuration, institutional-quality transit access, and existing occupancy, the asset provides an opportunity to acquire a commercial condominium positioned within a well-established Manhattan neighborhood.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 23,283 SF | Floors | 7 |
| Property Type | Office (Condo) | Typical Floor Size | 2,792 SF |
| Property Subtype | Medical | Year Built | 2010 |
| Building Class | C | Lot Size | 0.06 AC |
| Zoning | C6-1G - C6 districts permit a wide range of high-bulk commercial uses requiring a central location | ||
| Total Building Size | 23,283 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | C |
| Floors | 7 |
| Typical Floor Size | 2,792 SF |
| Year Built | 2010 |
| Lot Size | 0.06 AC |
| Zoning | C6-1G - C6 districts permit a wide range of high-bulk commercial uses requiring a central location |
Amenities
- 24 Hour Access
- Bus Line
- Metro/Subway
- Security System
- Signage
- Storage Space
- Basement
- Secure Storage
- Wi-Fi
- Air Conditioning
- Smoke Detector
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Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Exceptionally bikeable
90/100
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Map
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