358-360 Broome St 34 Unit Apartment Building For Sale New York, NY 10013

The Forray Team at The Corcoran Group is pleased to present 358-360 Broome St. A remarkable well-maintained prewar mixed-use building in heart of vibrant Nolita. Phenomenal location in a bustling retail corridor, the property features two (2) commercial retail tenants with current uses as convenience store & e-bike along with thirty-four (34) rent-stabilized residential units above. Twenty-five (25) of those units have been updated.
This exclusive listing presents a coveted offering of an existing mixed-use brick/masonry property (C7 Building Class) built on a colossal 49.08 X 85.67ft lot providing incredible frontage. The existing six (6) story building boast approx. gross total building square footage of 23,198SF. Within C6-2G zoning in Little Italy special district, an additional +/- 8,260SF can be expanded upon the property, offering a maximum usable FAR of 28,144!
This landmarked building is perfect for new ownership/investor looking for an exceptional investment and significant value to their existing portfolio. The retail rents are under-market and underutilized and with ownership delivering six (6) vacant units, there is plenty of potential to maximize upside.
358-360 Broome St offers easy access to vibrant landmarks, parks, food markets, museums, art galleries, bars/restaurants, nightlife, and hotspots. In center of it all with close proximity to Tribeca, Soho, Noho, Little Italy, Chinatown, Greenwich Village, East Village, and Lower East Side makes it easy to experience all of Downtown. Commuters will appreciate proximity to the Manhattan/Brooklyn/Williamsburg Bridges, FDR Drive, and BQE, along with nearby B/D/J/N/Q/R/W/Z/6 subways (Bowery, Spring St, Grand St, Canal St, and Prince St) easy to access anywhere in Manhattan, Brooklyn, and Queens.
Popular nearby establishments include Musket Room, Emilio's Ballato, Estela, Rubirosa , Peasant, Wayan, Kimika, Torrisi, Pasquale Jones, Caf Gitane, Caf Habana, Pietro, Egg Shop, Thai Diner, and La Esquina to name just a few. Please reach out to exclusive listing brokers to request a sales memorandum and discuss this remarkable opportunity.