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556 Broome St
New York, NY 10013
Office Property For Sale


INVESTMENT HIGHLIGHTS
- PRIME CONVERSION OPPORTUNITY WITH A CURB CUT AND ELEVATOR
- LOCATED BETWEEN HUDSON SQUARE, SOHO, TRIBECA
- LOCATED A FEW BLOCKS FROM GOOGLE’S HQ AND DISNEY’S HQ
- APPROXIMATELY 10,772 SQUARE FEET OF AIR RIGHTS
- DELIVERED FULLY VACANT
- CONNECTIVITY & TRANSIT ACCESS
EXECUTIVE SUMMARY
Cushman & Wakefield has been exclusively retained to arrange the sale of 556 Broome Street, a rare conversion opportunity located on the north side of Broome Street between 6th Avenue and Varick Street in Hudson Square, one of Manhattan’s most dynamic and rapidly evolving neighborhoods. The property is located at the convergence of SoHo, Tribeca, and the West Village, positioning it within one of the most desirable and supply-constrained sub-markets for boutique residential, creative office, hospitality, and mixed-use development.
556 Broome Street is a five-story building featuring a large elevator and a curb cut. The property spans approximately 10,348 square feet, with an additional ±10,772 square feet of unused air rights. The special Hudson Square District (HSQ) permits a variety of uses, creating a range of compelling conversion and value-add opportunities.
Hudson Square has emerged as a premier destination for major media, technology, and creative firms, catalyzed by Disney’s 1.3 million-square-foot headquarters development and Google’s ongoing campus expansion to the south along Hudson Street. The neighborhood blends industrial heritage with contemporary architecture, offering a walkable street-scape, a growing collection of luxury residential developments, and immediate access to world-class dining, retail, and transit options. Its strategic location and limited development pipeline make opportunities of this nature increasingly scarce.
556 Broome Street presents an opportunity to acquire a well-located asset with significant value-add potential in a sub-market experiencing sustained investment, tenant demand, and long-term growth.
556 Broome Street is a five-story building featuring a large elevator and a curb cut. The property spans approximately 10,348 square feet, with an additional ±10,772 square feet of unused air rights. The special Hudson Square District (HSQ) permits a variety of uses, creating a range of compelling conversion and value-add opportunities.
Hudson Square has emerged as a premier destination for major media, technology, and creative firms, catalyzed by Disney’s 1.3 million-square-foot headquarters development and Google’s ongoing campus expansion to the south along Hudson Street. The neighborhood blends industrial heritage with contemporary architecture, offering a walkable street-scape, a growing collection of luxury residential developments, and immediate access to world-class dining, retail, and transit options. Its strategic location and limited development pipeline make opportunities of this nature increasingly scarce.
556 Broome Street presents an opportunity to acquire a well-located asset with significant value-add potential in a sub-market experiencing sustained investment, tenant demand, and long-term growth.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Office
Property Subtype
Office/Residential
Building Size
10,348 SF
Building Class
B
Year Built
1900
Price
$14,657,160 CAD
Price Per SF
$1,416.42 CAD
Percent Leased
100%
Building Height
5 Stories
Typical Floor Size
2,072 SF
Building FAR
4.90
Lot Size
0.05 AC
Zoning
M1-6 - M1-6 Light industrial with offices, hotels, and most retail uses permitted (RESIDENTIAL USE ALLOWED IN HSQ SPECIAL DISTRICT).
PROPERTY TAXES
| Parcel Number | 0491-0029 | Improvements Assessment | $1,571,363 CAD |
| Land Assessment | $248,850 CAD | Total Assessment | $1,820,213 CAD |
PROPERTY TAXES
Parcel Number
0491-0029
Land Assessment
$248,850 CAD
Improvements Assessment
$1,571,363 CAD
Total Assessment
$1,820,213 CAD
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