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508 Broadway
New York, NY 10012
Multifamily Property For Sale
·
5 Units
Investment Highlights
- Located between Spring and Broome in SoHo’s Historic Cast Iron District.
- Within 500 ft of six subway lines.
- Double exposures (East/West), oversized windows, fabulous skylight, and rich hardwood or industrial finishes.
- Surrounded by top-tier retail/dining: Bloomingdales, Zara, Balthazar, Fanelli’s, and near MOMA Store.
Executive Summary
508 Broadway is a mixed use property, it is a rare opportunity to acquire all four of the above loft condominium floors of this building, This distinguished prewar loft building boasts only four exclusive loft units, delivering unmatched privacy and discretion. The property is located in Soho's coveted Historic Cast Iron District in a prized location between Spring and Broome. 508 Broadway is a boutique property offering authenticity and charm, along with notably low monthly expenses. The units are currently rented out with stellar income and can be delivered vacant or can be delivered with strong rental revenue. Each floor is approximately 2050 sq ft for a total of approximately 8200 sq ft with additional unused F.A.R
Enhancing the allure are soaring ceilings, the approximately 12' left ceiling height adds stunning cubic dimension to these already breathtaking lofts defining the quintessential essence of Soho lofts. Features include rich wood floors, chic industrial elements, a fabulous skylight facing the heavens above, and oversized windows on double exposures (East and West) inviting in generous natural light, Walk in closets, Washer/dryer in each unit, private roof area.
Descendants of such art world luminaries as Twombly, Schnabel and Guggenheim have all resided at this property. 508 Broadway puts you in the middle of everything SoHo has to offer. Convenient proximity to renowned dining and premier shopping destinations. Moments away from Bloomingdales and Zara as well as great shops and boutiques. Balthazar is right around the corner, nearby is Fanelli's - a SoHo institution, and savor the fine fare of so many other nearby eateries. Around the bend is the MOMA store, plus the building is surrounded by places to go for entertainment and close to multiple subway lines.
This is a rare opportunity to own a piece of SoHo history, redefined for today's discerning buyer.
Details
-8,200 Sq Ft
-Apartment
-$2,980 Monthly Maintenance/CC
-$60,996 Annual Tax
-Built in 1910
-MLS/Listing ID 23595274
-Buyer’s Agent Compensation: 3%
-5 Stories
-4 Units
Amenities & Features
-Laundry
-Pets Allowed
-Washer/Dryer Allowed
-City View
-Decorative Fireplace
Enhancing the allure are soaring ceilings, the approximately 12' left ceiling height adds stunning cubic dimension to these already breathtaking lofts defining the quintessential essence of Soho lofts. Features include rich wood floors, chic industrial elements, a fabulous skylight facing the heavens above, and oversized windows on double exposures (East and West) inviting in generous natural light, Walk in closets, Washer/dryer in each unit, private roof area.
Descendants of such art world luminaries as Twombly, Schnabel and Guggenheim have all resided at this property. 508 Broadway puts you in the middle of everything SoHo has to offer. Convenient proximity to renowned dining and premier shopping destinations. Moments away from Bloomingdales and Zara as well as great shops and boutiques. Balthazar is right around the corner, nearby is Fanelli's - a SoHo institution, and savor the fine fare of so many other nearby eateries. Around the bend is the MOMA store, plus the building is surrounded by places to go for entertainment and close to multiple subway lines.
This is a rare opportunity to own a piece of SoHo history, redefined for today's discerning buyer.
Details
-8,200 Sq Ft
-Apartment
-$2,980 Monthly Maintenance/CC
-$60,996 Annual Tax
-Built in 1910
-MLS/Listing ID 23595274
-Buyer’s Agent Compensation: 3%
-5 Stories
-4 Units
Amenities & Features
-Laundry
-Pets Allowed
-Washer/Dryer Allowed
-City View
-Decorative Fireplace
Property Facts
| Price Per Unit | $3,549,350 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 5% | Building Size | 15,000 SF |
| No. Units | 5 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 1910 |
| Property Subtype | Apartment | Parcel Number | 0483-7501 |
| Apartment Style | Mid-Rise | ||
| Zoning | M1-5B - Light industrial with offices, hotels, and most retail uses permitted | ||
| Price Per Unit | $3,549,350 CAD |
| Sale Type | Investment |
| Cap Rate | 5% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 15,000 SF |
| No. Stories | 5 |
| Year Built | 1910 |
| Zoning | M1-5B - Light industrial with offices, hotels, and most retail uses permitted |
| Parcel Number | 0483-7501 |
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