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1151-1153 Broadway 17,553 sq ft 100% Let Retail Property New York, NY 10001 For Sale
EXECUTIVE SUMMARY
Cushman & Wakefield (“C&W”) has been exclusively retained to offer for sale a 100% fee simple interest in 1151-1153 Broadway (the “Property”), a four-story commercial building located in the heart of Manhattan’s Nomad neighborhood on the bustling stretch of Broadway between West 26th Street and West 27th Street. The Property, which is configured as retail with office upstairs, is 100% leased to a strong and diverse tenant roster. It boasts 50’ of frontage along Broadway and spans a combined 17,553 rentable square feet. 1151-1153 Broadway was completely redeveloped by ownership and is in pristine, turnkey condition.
1151-1153 Broadway’s trophy quality finishes and superb location are backed by its strong tenant roster. The Property is anchored by its two retail tenants, two best-in-class F&B businesses who each signed leases over the last 12 months. Pura Vida Miami occupies the store to the south and leases 3,630 square feet across ground floor and lower level. Joining Pura Vida is Sweetgreen, who signed a lease in 1Q25 to relocate its current Nomad outpost from 1164 Broadway. The fast casual salad giant will occupy 5,800 square feet across the ground floor, second floor and lower level in the northern portion of the building. The two retail tenants have a combined 9.8 years of WALT (weighted average lease term) providing for an excellent income stream for the long term. 1151-1153 Broadway consists of five additional office spaces occupied by four different tenants.
1151-1153 Broadway benefits from immediate access to a wide array of transportation options allowing access all over New York City. The & trains are all located within just a few blocks. Additionally, the Path train is nearby providing access to NJ as well as Penn Station providing immediate access to the entire northeast via the Amtrak, NJ Transit and Long Island Railroad.
The Property sits in the heart of Nomad, sandwiched in between some of New York’s greatest attractions. With Herald Square to the north and Madison Square Park to the immediate south, the Property is well situated for the near and long term. 1151-1153 Broadway presents future investors with a best-in-class, turnkey, 100% occupied commercial building located in one of New York’s strongest commercial corridors in Nomad. This is a rare opportunity to acquire an asset located at the confluence of change, as well, as the neighborhood is expected to undergo a significant transformation over the coming years thanks to the recent passing of City of Yes and the anticipated passing of the Midtown South Mixed-Use (“MSMX”) Plan 3Q 2025
1151-1153 Broadway’s trophy quality finishes and superb location are backed by its strong tenant roster. The Property is anchored by its two retail tenants, two best-in-class F&B businesses who each signed leases over the last 12 months. Pura Vida Miami occupies the store to the south and leases 3,630 square feet across ground floor and lower level. Joining Pura Vida is Sweetgreen, who signed a lease in 1Q25 to relocate its current Nomad outpost from 1164 Broadway. The fast casual salad giant will occupy 5,800 square feet across the ground floor, second floor and lower level in the northern portion of the building. The two retail tenants have a combined 9.8 years of WALT (weighted average lease term) providing for an excellent income stream for the long term. 1151-1153 Broadway consists of five additional office spaces occupied by four different tenants.
1151-1153 Broadway benefits from immediate access to a wide array of transportation options allowing access all over New York City. The & trains are all located within just a few blocks. Additionally, the Path train is nearby providing access to NJ as well as Penn Station providing immediate access to the entire northeast via the Amtrak, NJ Transit and Long Island Railroad.
The Property sits in the heart of Nomad, sandwiched in between some of New York’s greatest attractions. With Herald Square to the north and Madison Square Park to the immediate south, the Property is well situated for the near and long term. 1151-1153 Broadway presents future investors with a best-in-class, turnkey, 100% occupied commercial building located in one of New York’s strongest commercial corridors in Nomad. This is a rare opportunity to acquire an asset located at the confluence of change, as well, as the neighborhood is expected to undergo a significant transformation over the coming years thanks to the recent passing of City of Yes and the anticipated passing of the Midtown South Mixed-Use (“MSMX”) Plan 3Q 2025
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Shopfront Retail / Office
Property Size
17,553 sq ft
Costar Property Class
B
Year Built
1930
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
4
Plot ratio
4.00
Total Plot Size
0.10 ac
Use Class
M1-6
Frontage
48 ft on Broadway
AMENITIES
- 24 Hour Access
- Public Transport
- Skylights
- Tenant Controlled HVAC
Walk Score®
Excellent pedestrian access (100)
Transit Score®
Rider's Paradise (100)
Bike Score®
Ideal For Cyclists (91)
NEARBY MAJOR RETAILERS
![[solidcore]](https://images.loopnet.co.uk/i2/X1DfwMFhQUJtrEvdN0O4PHppb1UchnIXcAPoILYKKzI/105/image.jpg "[solidcore]")
PROPERTY TAXES
| Parcel Number | 0828-0051 | Improvements Assessment | £1,879,493 |
| Land Assessment | £336,614 | Total Assessment | £2,216,106 |
PROPERTY TAXES
Parcel Number
0828-0051
Land Assessment
£336,614
Improvements Assessment
£1,879,493
Total Assessment
£2,216,106
CONTACTS
-
Andrew Berry -
John Ciraulo -
Craig Waggner -
William Conrad -
Jack Stephen -
Cushman & Wakefield
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1151-1153 Broadway
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