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716 Broadway
2,770 SF Retail Unit Offered at £3,765,168 in New York, NY 10003
Investment Highlights
- 25 feet of frontage along Broadway.
- Significant renovations completed in 2009.
Property Facts
| Price | £3,765,168 | Sale Type | Investment |
| Unit Size | 2,770 SF | Building Class | C |
| No. Units | 1 | Number of Floors | 6 |
| Total Building Size | 15,000 SF | Typical Floor Size | 2,500 SF |
| Property Type | Residential (Unit) | Year Built | 1900 |
| Property Subtype | Apartment | Lot Size | 0.08 AC |
| Price | £3,765,168 |
| Unit Size | 2,770 SF |
| No. Units | 1 |
| Total Building Size | 15,000 SF |
| Property Type | Residential (Unit) |
| Property Subtype | Apartment |
| Sale Type | Investment |
| Building Class | C |
| Number of Floors | 6 |
| Typical Floor Size | 2,500 SF |
| Year Built | 1900 |
| Lot Size | 0.08 AC |
1 Unit Available
Unit Retail
| Unit Size | 2,770 SF | Sale Type | Investment |
| Price | £3,765,168 | Net Initial Yield | 11.90% |
| Price Per SF | £1,359.27 | NOI | £447,878.50 |
| Unit Use | Retail |
| Unit Size | 2,770 SF |
| Price | £3,765,168 |
| Price Per SF | £1,359.27 |
| Unit Use | Retail |
| Sale Type | Investment |
| Net Initial Yield | 11.90% |
| NOI | £447,878.50 |
Description
The space spans 2,770 RSF on the ground floor, with a usable 2,121 RSF lower level. The 6-story property boasts 25 feet of frontage along Broadway, offering significant visibility and foot traffic in one of Manhattan’s most desirable submarkets. The space underwent substantial renovations in 2009, ensuring
an inviting environment for its tenants.
Sale Notes
Avison Young, as the exclusive agent, is pleased to offer for sale the retail co-op space at 716 Broadway, an exceptional retail opportunity in the bustling NoHo Historic District. The fully leased co-op is under a master lease which runs through 2079, and the commercial unit is leased to Foot Locker until 2029.
Interior Photo
Interior Photo
Interior Photo
Interior Photo
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 6 | - | - |
Amenities
Site Amenities
- Property Manager on Site
zoning
| Zoning Code | M1-5B (Light industrial with offices, hotels, and most retail uses permitted.) |
| M1-5B (Light industrial with offices, hotels, and most retail uses permitted.) |
-
Brent Glodowski -
Eric Karmitz -
Avison Young
Presented by
716 Broadway
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