535 Broadway, New York, NY, 10012

535 Broadway New York, NY 10012

535 Broadway, New York, NY, 10012
535 Broadway, New York, NY, 10012 535 Broadway, New York, NY, 10012 535 Broadway, New York, NY, 10012 535 Broadway, New York, NY, 10012 535 Broadway, New York, NY, 10012 535 Broadway, New York, NY, 10012 535 Broadway, New York, NY, 10012 535 Broadway, New York, NY, 10012 535 Broadway, New York, NY, 10012 535 Broadway, New York, NY, 10012 535 Broadway, New York, NY, 10012 535 Broadway, New York, NY, 10012
FOR SALE
Property Type:
Street Retail
Amount:
$26,500,000
Last Verified:
Aug 05, 2024

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Highlights

  • Pop Mart - a publicly traded global retailer with a $3 Billion Market Capitalization, 450+ stores, and 2,300 Robo Shops in over 80 regions and countries, with rapid expansion plans to open 200 US locations over the next five to ten years
  • 25 feet of frontage on Broadway, located within the heart of SoHo
  • The ground floor offers 12-foot ceilings and mullion free windows: a prominent feature unique in the SoHo sub-market, allowing for better visibility for customers and the retailer
  • Spacious loft-like units, lightly renovated with the ability to add value through light cosmetic improvements or convert to luxury condominiums
  • Strong co-tenancy with numerous prominent brands and interactive retail establishments: Prada, Museum of Ice Cream, Bloomingdale’s, Nike Lab, GUESS, Zara, Sephora, UNIQLO etc.
  • Proximity to public transportation: Broadway-Lafayette Street Subway Station, servicing the B,D,F,M and 6 trains (One of Manhattan’s busiest subway stops with 8,000,000 riders annually) R and W trains accessible one block away at the corner of Prince Street and Broadway

Description

Avison Young, as the exclusive agent, is pleased to offer for sale 535 Broadway (the ‘Property’), an iconic mixed-use building nestled within the historic cast-iron district of SoHo. Built in 1852, this architectural gem stands as a testament to the neighborhood’s rich heritage and cultural significance. Situated between Spring and Prince Streets, the Property is well-located in the heart of SoHo, renowned for its vibrant blend of artistic flair and upscale living.

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Year Built: 1852
Building Size: 14225sq ft
Lot Size: 0.06 acres

Map of 535 Broadway, New York, NY, 10012

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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.