606 Broadway, New York, NY, 10012

606 Broadway New York, NY 10012

606 Broadway, New York, NY, 10012
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FOR SALE
Property Type:
Street Retail
Amount:
$89,500,000
Last Verified:
Sep 05, 2024

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Highlights

  • Newly constructed glass & steel Class A mixed-use elevator building in the prominent SoHo neighborhood of Manhattan
  • 36,237 RSF (including 1,789 SF across the lower levels)
  • • 4,531 SF of Ground Floor Retail Space
  • • 29,917 RSF of Class A Office Space
  • Full floor office suites in turnkey condition
  • Impressive ceiling heights ranging from 13’-5” to 17’-10”
  • Private terrace on the 6th floor and communal roof deck
  • Floor-to-ceiling windows allow for an abundance of light and stunning views up and down Houston Street, Crosby Street and Broadway Seamless Access to Transportation

Description

Avison Young has been exclusively engaged to offer for sale 606 Broadway (the “Property”), a 6-story mixed-use commercial property
with a full 203’ blockfront along the southern portion of Houston Street between Broadway and Crosby Street. Built in 2019, the newly
constructed glass and steel ground-up development totals 34,071 SF (36,237 RSF) and is comprised of ground floor retail with 5 stories of Class A office space above boasting floor-to-ceiling windows and ceiling heights above 13’.

Manhattan

Building Size: 34071sq ft
Lot Size: 0.14 acres


Documents

606 Broadway Flyer

Map of 606 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.