40 E Broadway 3 Unit Apartment Building $9,448,177 CAD ($3,149,392 CAD/Unit) 3.06% Cap Rate New York, NY 10002

Investment opportunity at 40 East Broadway offers a rare chance to acquire a stable income-producing asset along one of Manhattan’s most active and highly visible corridors. The property sits within the heart of the East Broadway Corridor, benefiting from constant pedestrian activity, strong retail demand, and significant exposure. Its wide storefront, measuring approximately 25 feet, provides superior branding opportunities and visibility for tenants.
The asset is secured by a long-term lease designed to deliver reliable, predictable cash flow with minimal near-term rollover risk. The absence of historical rent regulation enhances operational flexibility by allowing future rent adjustments in line with market conditions, supporting sustained income growth.
Recent major capital improvements have significantly reduced the likelihood of near-term property improvement requirements for incoming ownership, preserving investor returns and reducing exposure to unexpected expenditures. Proximity to extensive public transit systems adds further value, supporting sustained marketability and demand from retailers. Combining durable income, long-term growth potential, and minimal operational risk, this property caters to investors seeking a low-maintenance urban retail asset with resilient upside in an irreplaceable Manhattan location.