808 BroadwayNew York, NY 10003

For Sale
Call for price

Prime Manhattan location, high rent upside

Overview

Added:
Dec 11, 2024
Days on market:
97
This exceptional retail condominium opportunity in Manhattan's NoHo neighborhood offers 25,498 square feet across two addresses: 808 Broadway and 108-110 4th Avenue. The property boasts a unique block-through positioning with storefronts on both Broadway and 4th Avenue, maximizing visibility and foot traffic. Currently, the space is 9% occupied, presenting significant rent upside potential. The existing tenant at 808 Broadway is under a short-term, below-market lease, providing immediate cash flow to cover carrying costs. The property features high ceilings (14-16 feet) and over 15,000 square feet of lower-level storage space. Its desirable location, near Union Square, Greenwich Village, and numerous subway lines (4/5/6, N/Q/R/W, F, and L), ensures high traffic and demand. The surrounding area includes popular retail destinations such as Wegman's, Flight Club, Target, and Whole Foods, along with luxury residential and office buildings. Assumable financing is available, making this a compelling investment opportunity with substantial upside potential. The property is situated in a wealthy neighborhood known for its high concentration of affluent residents and celebrities.

Highlights

  • Assumable financing available with below-market interest payments.
  • Unique block-through retail space with storefronts on Broadway and 4th Avenue, commanding higher rents.
  • Significant rent upside potential with current below-market lease providing in-place cash flow.
  • High ceilings (14-16 feet) and over 15,000 square feet of lower-level storage.
  • Desirable NoHo/Union Square/Greenwich Village location in a high-wealth zip code.
  • High foot traffic due to proximity to major retailers and residential buildings.

Location Insight

City
New York
County
New York
State
New York
Latitude
40.732465200402
Longitude
-73.991268247703
808 Broadway, New York, New York

FAQs

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808 Broadway
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