424 Broadway, New York, NY, 10013

424 Broadway New York, NY 10013

424 Broadway, New York, NY, 10013
424 Broadway, New York, NY, 10013 424 Broadway, New York, NY, 10013 424 Broadway, New York, NY, 10013 424 Broadway, New York, NY, 10013 424 Broadway, New York, NY, 10013 424 Broadway, New York, NY, 10013 424 Broadway, New York, NY, 10013 424 Broadway, New York, NY, 10013 424 Broadway, New York, NY, 10013 424 Broadway, New York, NY, 10013
FOR SALE
Property Type:
Street Retail
Amount:
$12,499,000
Last Verified:
Oct 09, 2023

Highlights

  • 100% Occupied by Empire Cannabis Clubs
  • 50’ of frontage along highly trafficked Broadway
  • Brand new glass storefront
  • 101%-foot traffic recovery in SoHo since April 2019
  • Strong neighborhood co-tenancy
  • Surrounded by transportation options - 6, A, C, E, N, Q, R, W
  • Prime retail location in the heart of SoHo right off Canal Street

Description

Avison Young, as exclusive agent, is pleased to offer for sale a fully occupied retail condominium located at 424 Broadway (the “Unit”) in the heart of SoHo. Boasting 7,751 SF of retail space, the Unit offers 15-foot ceilings, a brand new glass storefront and an impressive 50 feet of frontage along Broadway. The Unit is situated at the base of a boutique, 6-story office building between Howard and Canal Street and features 4,200 SF of ground floor space and an additional 3,551 SF of usable lower level space.

Manhattan

Building Size: 7751sq ft
Lot Size: 0 acres


Documents

424 Broadway Flyer

Map of 424 Broadway, New York, NY, 10013

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.