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325 W Broadway - XOCO 325
3,122 SF Retail Unit Offered at £4,078,932 in New York, NY 10013
Investment Highlights
- Prime SoHo Location: Two retail condos in the heart of one of NYC's most coveted neighborhoods, known for high foot traffic and upscale clientele.
- Attractive Returns: Offering a solid 7.2% cap rate, providing a balance of current income and potential for future appreciation.
- Stable Income Stream: Fully leased to strong tenants (Lazaro and IGK) with newly renewed agreements
- Turnkey Investment: 3,122 square feet of prime retail space, ready for immediate income generation in a thriving commercial marke
Executive Summary
SERHANT. Commercial is exclusively offering two prime retail condos for sale at 325 West Broadway in the heart of SoHo. This exceptional investment opportunity features: Two units: Unit * and Unit * Combined space: 3,122 square feet Fully leased to strong tenants with newly renewed agreements Lazaro: Distinguished men's fashion and jewelry retailer IGK: Renowned high-end hair salon, established for 6 years Key Investment Highlights: Prime SoHo location with high foot traffic and upscale clientele Attractive 7.2% cap rate Immediate and steady income stream Opportunity to own in one of NYC's most coveted retail markets This offering presents a rare chance to secure a foothold in SoHo's thriving retail landscape, combining stable income with potential for future appreciation. For more information, contact: Vikrant Patel: vikrant@serhant.com Christopher Prokop: cprokop@serhant.com Bernadette Brennan: bernadette@serhant.com Don't miss this opportunity to add premium SoHo retail to your portfolio.
Property Facts
1 Unit Available
Unit AB
| Unit Size | 3,122 SF | Sale Type | Investment or Owner User |
| Price | £4,078,932 | Net Initial Yield | 6.49% |
| Price Per SF | £1,306.51 | NOI | £264,722.69 |
| Unit Use | Retail |
| Unit Size | 3,122 SF |
| Price | £4,078,932 |
| Price Per SF | £1,306.51 |
| Unit Use | Retail |
| Sale Type | Investment or Owner User |
| Net Initial Yield | 6.49% |
| NOI | £264,722.69 |
Description
SERHANT. Commercial has been exclusively retained by ownership to list and market for sale 2 retail condos located at 325 West Broadway. This investment opportunity in the heart of Soho offers two retail condos for sale Unit * and unit *, presenting a combined total of 3,122 square feet of prime retail space. Both units are occupied by strong tenants with newly renewed leases, ensuring immediate and steady income for investors. One unit is leased by Lazaro, a distinguished men's fashion and jewelry retailer, and the other by IGK, a renowned high-end hair salon that has been a staple in the community for six years.
The newly renewed leases provide stability and guarantee a reliable income stream. Situated in one of New York City's most coveted neighborhoods, known for its vibrant atmosphere, high foot traffic, and upscale clientele, these units are ideally located. With an attractive 6.2% cap rate, this investment promises a solid return. Investing in these retail condos not only offers the potential for stable and continuous income but also positions you in a dynamic and sought-after location. Don't miss out on securing a foothold in the bustling SoHo retail market with this exceptional investment opportunity.
Act now to add these premium retail condos to your portfolio! Listed by Vikrant Patel vikrant@serhant.com, Christopher Prokop Cprokop@serhant.com and Bernadette Brennan bernadette@serhant.com
Amenities
Site Amenities
- Concierge
- Fitness Centre
- Storage Space
- Bicycle Storage
zoning
| Zoning Code | M1-5A |
| M1-5A |
-
Bernadette Brennan -
Vikrant Patel -
Serhant
Presented by
325 W Broadway - XOCO 325
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