535 BroadwayNew York, NY 10012

For Sale
$26,500,000

Iconic SoHo building, prime location, high potential.

Overview

Added:
Dec 11, 2024
Days on market:
91
This remarkable 14,225 square foot mixed-use building at 535 Broadway, built in 1852, presents a unique investment opportunity in the heart of SoHo's historic cast-iron district. Located between Spring and Prince Streets, this property boasts 25 feet of frontage on Broadway, offering exceptional visibility. The ground floor features impressive 12-foot ceilings and mullion-free windows, a rare find in SoHo, ideal for retail tenants. Currently occupied by Pop Mart, a publicly traded global retailer with significant expansion plans, this property benefits from strong co-tenancy with numerous high-profile brands including Prada, Bloomingdale's, and Nike. The upper floors comprise spacious loft-like units, offering potential for value-add improvements or conversion to luxury condominiums. The building's prime location provides easy access to public transportation, with the Broadway-Lafayette Street subway station (B, D, F, M, and 6 trains) nearby, and the R and W trains just a block away. This property is offered at $26,500,000, representing a price per square foot of $1,862.92. The building's unique features, strong tenant, and unparalleled location make it an exceptional investment opportunity in one of Manhattan's most desirable neighborhoods.

Highlights

  • Pop Mart, a global retailer with a $3B market cap, is expanding into the US market with plans for 200 new locations.
  • 25' of Broadway frontage in prime SoHo.
  • 12' ceilings and mullion-free windows on the ground floor, a unique SoHo feature.
  • Spacious loft units, lightly renovated with condo conversion potential.
  • Strong co-tenancy with Prada, Bloomingdale's, Nike, and other major brands.
  • Excellent public transit access via multiple subway lines (B,D,F,M,6 & R/W).

Location Insight

City
New York
County
New York
State
New York
Latitude
40.7233682
Longitude
-73.9989168
535 Broadway, New York, New York

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535 Broadway
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