447 BroadwayNew York, NY 10013
- Office properties
- 25,000 SF
Property Details for 447 Broadway
- Year built
- 1920
- Lot size
- 0.11 AC
- Property size (Sq ft)
- 25,000 SF
- Zone code
- M15R9X
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 00231-0037
- APU
- 2310037
Description
This exceptional commercial property at 447 Broadway, situated in the vibrant SoHo submarket of New York City (zip code 10013), offers a rare opportunity to lease premium office space. The building features two available spaces, ranging from 6,000 to 7,000 square feet, perfect for businesses seeking a prestigious address in a highly sought-after location. The property is classified as both retail and office, with the current listing focusing on the office component. The building boasts a modern, pre-built design with high-end finishes. Ownership is committed to building to suit tenant specifications and will provide full furnishing upon request, ensuring a seamless move-in experience. A key advantage is the dual access points, providing convenient entry from both Broadway and Mercer Street, enhancing visibility and accessibility. This multi-tenant building is located in New York County, New York, offering unparalleled access to the city's bustling business district and cultural attractions. The precise square footage of each available space can be confirmed upon inquiry. This is an exceptional opportunity to establish a thriving business in one of Manhattan's most iconic neighborhoods. Contact us today to schedule a viewing and explore the possibilities.
Valuation
by PT Realty methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $4,133,247
- 6.5%
- $3,815,305
- 7%
- $3,542,783
-
Comparable approach
- Method
- Valuation
- Relative Method
- $3,266,500
- Geo Method
- $3,266,500
-
Alternative Use
- Use
- Valuation
- Residential
- $4,730,978
- Hospitality
- $4,333,550
- Educational
- $3,605,463
- Medical
- $3,729,460
- Retail
- $5,608,498
Location Insight
- City
- New York
- County
- New York
- State
- New York
- Latitude
- 40.7206
- Longitude
- -74.0015
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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