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424 Broome St
New York, NY 10013
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Long-Term Lease to Global Retailer
- Prime SoHo Location & Visibility with Great Co-Tenancy
- Dynamic Mixed-Use District
- Protected Tax Class 2C
- Turn-Key, Renovated Condition
- Proximity to 6/N/Q/R/W/J/Z Subway Lines
PROPERTY FACTS
| Total Building Size | 17,654 SF | Floors | 7 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 2,219 SF |
| Property Subtype | Apartment | Year Built | 1900 |
| Building Class | C | Lot Size | 0.06 AC |
| Zoning | M1-5B | ||
| Total Building Size | 17,654 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 7 |
| Typical Floor Size | 2,219 SF |
| Year Built | 1900 |
| Lot Size | 0.06 AC |
| Zoning | M1-5B |
1 UNIT AVAILABLE
Unit Ret + BSMT
| Unit Size | 3,759 SF | Cap Rate | 6.53% |
| Condo Use | Retail | NOI | $607,083.83 CAD |
| Sale Type | Investment or Owner User |
| Unit Size | 3,759 SF |
| Condo Use | Retail |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.53% |
| NOI | $607,083.83 CAD |
SALE NOTES
Avison Young, as the exclusive agent, is pleased to offer for sale 424 Broome Street (the “Unit”), a fully occupied retail co-op situated between Lafayette and Crosby Streets in the heart of SoHo’s historic cast-iron district. Featuring 25 feet of prime frontage along the highly visible and heavily trafficked Broome Street, the unit spans 3,759 square feet, including 2,289 square feet of ground floor retail and 1,470 square feet of usable lower-level space. The Unit is 100% leased to Indochino Apparel, a global menswear retailer, through 2032 at a below-market rent, providing long-term, stable cash flow and potential future upside.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 6 | - | - |
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