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FAITS SAILLANTS DE L'INVESTISSEMENT
- Elevator Building
- High Ceiling Heights (12'0" - 14'8")
- Cash Flowing
- Recently Renovated
- Lots of Natural Light
- Long Term Upside
RÉSUMÉ DE L'ANNONCE
Cushman & Wakefield has been exclusively retained to arrange the sale of 521 Broadway, a mixed-use, elevator building located on the west side of Broadway just south of Spring Street in the SoHo neighborhood of Manhattan.
The property spans approximately 13,730 gross square feet above-grade and features 4 commercial office units above retail. The building is 100% occupied with a weighted average lease term (WALT) of 1.6 years for the office component, offering prospective buyers both immediate cash flow and near-term upside with the ability to increase rents.
The retail space is anchored by Manière De Voir, a world-renowned fashion brand, who just signed a long-term 10-year lease, thereby providing exceptional cash-flow stability with prestigious tenancy.
The property recently underwent a significant renovation, which blends a modern, high-end design with a classic SoHo aesthetic.
Along with the ±17,428 square feet of unused air rights, this offering represents a rare opportunity to acquire a fully leased, cash-flowing property with potential upside in office rents.
Strategically located nearby one of the most valuable retail corridors in the entire city, the property is uniquely positioned to capitalize on Broadway’s foot traffic and Spring Street’s renowned luxury retail co-tenancy.
The property spans approximately 13,730 gross square feet above-grade and features 4 commercial office units above retail. The building is 100% occupied with a weighted average lease term (WALT) of 1.6 years for the office component, offering prospective buyers both immediate cash flow and near-term upside with the ability to increase rents.
The retail space is anchored by Manière De Voir, a world-renowned fashion brand, who just signed a long-term 10-year lease, thereby providing exceptional cash-flow stability with prestigious tenancy.
The property recently underwent a significant renovation, which blends a modern, high-end design with a classic SoHo aesthetic.
Along with the ±17,428 square feet of unused air rights, this offering represents a rare opportunity to acquire a fully leased, cash-flowing property with potential upside in office rents.
Strategically located nearby one of the most valuable retail corridors in the entire city, the property is uniquely positioned to capitalize on Broadway’s foot traffic and Spring Street’s renowned luxury retail co-tenancy.
FAITS SUR LA PROPRIÉTÉ
Type de vente
Investissement
Type de propriété
Bureau
Sous-type de propriété
Taille du bâtiment
13 730 pi²
Classe d’immeuble
B
Année de construction
1900
Pourcentage loué
100%
Location
Multiples
Hauteur du bâtiment
5 étages
Superficie de plancher typique
2 598 pi²
Coefficient d’occupation des sols de l’immeuble
3,94
Taille du lot
0,08 AC
Zonage
M1-5B/R9X - Industriel léger avec bureaux, hôtels et la plupart des usages commerciaux autorisés.
COMMODITÉS
- Affichage
- Exposition directe à l'ascenseur
- Climatisation
- Détecteur de fumée
1 1
Walk Score®
Un paradis pour un marcheur (100)
Transit Score®
Un paradis pour conducteur (100)
Bike Score®
Un paradis pour un cycliste (91)
Impôts fonciers
| Numéro de lot | 0484-0012 | Évaluation des bâtiments | 4 362 381 $ CAD |
| Évaluation du terrain | 1 137 046 $ CAD | Évaluation totale | 5 499 426 $ CAD |
Impôts fonciers
Numéro de lot
0484-0012
Évaluation du terrain
1 137 046 $ CAD
Évaluation des bâtiments
4 362 381 $ CAD
Évaluation totale
5 499 426 $ CAD
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521 Broadway
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