
521 Broadway
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INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- Elevator Building
- High Ceiling Heights (12'0" - 14'8")
- Cash Flowing
- Recently Renovated
- Lots of Natural Light
- Long Term Upside
RÉSUMÉ ANALYTIQUE
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.
INFORMATIONS SUR L’IMMEUBLE
Type de vente
Investissement
Type de bien
Bureau
Sous-type de bien
Surface de l’immeuble
1 276 m²
Classe d’immeuble
B
Année de construction
1900
Pourcentage loué
100 %
Occupation
Multi
Hauteur du bâtiment
5 étages
Surface type par étage
255 m²
Coefficient d’occupation des sols de l’immeuble
3,97
Surface du lot
0,03 ha
Zonage
M1-5B/R9X - Light Industrial with Offices, Hotels, and Most Retail Uses Permited.
CARACTÉRISTIQUES
- Accès direct à l’ascenseur
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Walk Score®
Idéal pour les promeneurs (100)
Transit Score®
Un paradis pour l’usager (100)
Bike Score®
Un paradis pour les cyclistes (91)
TAXES FONCIÈRES
Numéro de parcelle | 0484-0012 | Évaluation des aménagements | 2 655 603 € |
Évaluation du terrain | 692 177 € | Évaluation totale | 3 347 780 € |
TAXES FONCIÈRES
Numéro de parcelle
0484-0012
Évaluation du terrain
692 177 €
Évaluation des aménagements
2 655 603 €
Évaluation totale
3 347 780 €
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521 Broadway
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