424 broome soho, nyc - Agorafy
Investment Summary for Exclusive Listing
424 BROOME SOHO, NYC Between Crosby & Lafayette Streets
Commercial Co-op for Sale
Veracity Real Estate, as exclusive agent to ownership, is pleased to present 424 Broome, a legal retail use commercial co-op unit in Manhattan’s most desirable submarket, SoHo. The unit is currently occupied by Ankasa, a luxury home furnishings company with another store location on Madison Avenue in New York City. This vibrant retail corridor is home to some of the most colorful and innovative brands in designer and luxury retail including TOPSHOP, J. Crew, Madewell, bebe, Nanette Lepore, Aero, Mitchell Gold + Bob Williams, and Calypso. Major new flagship stores are being created on both sides of this offering at the prime corners of Broome & Crosby and Broome & Lafayette, and new anchor tenants will attract even more foot traffic and pave the way for long-term growth, stability, and rising values on this dynamic block just steps from Broadway. Meticulously designed and recently renovated with over $600K in major capital improvements including new mechanical systems, plumbing, hardwood floors, light and display fixtures, and HVAC system, this spectacular unit features soaring 14’ ceiling height, column-free interiors, skylights, rear windows, two internal staircases, finished basement with stock room, and existing storefront flag to brand this beautiful Renaissance Revival style loft building in the world renowned SoHo district. 424 Broome represents a rare opportunity for an owner/user or investor to acquire a fully renovated SoHo flagship store delivered vacant or with short-term leaseback during one of the strongest rental markets on record, on a block that is largely undervalued in relation to its neighbors but which will benefit tremendously from major developments in its immediate vicinity and SoHo’s continued prominence in the global marketplace.
Block / Lot: Lot Size: Building Size: Zoning: Unit Area:
483 / 0041 25’ x 106.33’ RETAIL STORE IS BUILT FULL M1-5B (SoHo Cast Iron Historic District) 2,289 SF Ground Floor 1,470 SF Cellar 3,759 SF Total
For more information and confidential offering materials, please contact the owner’s exclusive agent:
Greg Kim 646.470.1717 [email protected]
REAL ESTATE MANAGEMENT
199 Lafayette Street, New York, NY 10012 | T 212.966.6868 | F 212.966.6882 | www.veracityrem.com All information furnished regarding property for sale, rental or financing is from sources deemed reliable but no warranty or representation is made or is implied as to the accuracy thereof. Said information is submitted subject to errors, omissions, changes in price, rental and/or other conditions, prior sale, lease or financing, withdrawal without notice and to any special listing conditions including the rate and manner of payment of commissions for particular offerings imposed by principals or agreed to by this company, the terms of which are available to interested principals or duly licensed brokers. Areas and dimensions shown are approximate.
424 BROOME SOHO, NYC Between Crosby & Lafayette Streets
Commercial Co-op for Sale
Veracity Real Estate, as exclusive agent to ownership, is pleased to present 424 Broome, a legal retail use commercial co-op unit in Manhattan’s most desirable submarket, SoHo. The unit is currently occupied by Ankasa, a luxury home furnishings company with another store location on Madison Avenue in New York City. This vibrant retail corridor is home to some of the most colorful and innovative brands in designer and luxury retail including TOPSHOP, J. Crew, Madewell, bebe, Nanette Lepore, Aero, Mitchell Gold + Bob Williams, and Calypso. Major new flagship stores are being created on both sides of this offering at the prime corners of Broome & Crosby and Broome & Lafayette, and new anchor tenants will attract even more foot traffic and pave the way for long-term growth, stability, and rising values on this dynamic block just steps from Broadway. Meticulously designed and recently renovated with over $600K in major capital improvements including new mechanical systems, plumbing, hardwood floors, light and display fixtures, and HVAC system, this spectacular unit features soaring 14’ ceiling height, column-free interiors, skylights, rear windows, two internal staircases, finished basement with stock room, and existing storefront flag to brand this beautiful Renaissance Revival style loft building in the world renowned SoHo district. 424 Broome represents a rare opportunity for an owner/user or investor to acquire a fully renovated SoHo flagship store delivered vacant or with short-term leaseback during one of the strongest rental markets on record, on a block that is largely undervalued in relation to its neighbors but which will benefit tremendously from major developments in its immediate vicinity and SoHo’s continued prominence in the global marketplace.
Block / Lot: Lot Size: Building Size: Zoning: Unit Area:
483 / 0041 25’ x 106.33’ RETAIL STORE IS BUILT FULL M1-5B (SoHo Cast Iron Historic District) 2,289 SF Ground Floor 1,470 SF Cellar 3,759 SF Total
For more information and confidential offering materials, please contact the owner’s exclusive agent:
Greg Kim 646.470.1717 [email protected]
REAL ESTATE MANAGEMENT
199 Lafayette Street, New York, NY 10012 | T 212.966.6868 | F 212.966.6882 | www.veracityrem.com All information furnished regarding property for sale, rental or financing is from sources deemed reliable but no warranty or representation is made or is implied as to the accuracy thereof. Said information is submitted subject to errors, omissions, changes in price, rental and/or other conditions, prior sale, lease or financing, withdrawal without notice and to any special listing conditions including the rate and manner of payment of commissions for particular offerings imposed by principals or agreed to by this company, the terms of which are available to interested principals or duly licensed brokers. Areas and dimensions shown are approximate.
