Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    740 Broadway New York, NY 10003

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Loft building in Noho with flexible floorplates and natural light.

    Property size:
    1,061 SF
    Lot size:
    1.00 Acres

    Property Features for 740 Broadway

    General Information

    Size
    1,061 SF
    Lot size
    1.00 Acres

    We can help!

    Listing Contact
    Neith Stone
    Neith Stone
    Source: Moodyscre

    Listing Agent: Neith Stone

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Noho Office Space For Rent

    740 Broadway is a loft building constructed in 1912, designed in the Beaux-Arts style by architect Francis H. Kimball. Located on the southeast corner of Broadway and Astor Place in Manhattan's Noho neighborhood, the building features efficient, flexible floorplates and high ceilings. Tenant-controlled A/C and new, large operable windows provide natural light and unobstructed northern views. A new contemporary lobby, completed in 2017, includes architectural media walls displaying nature video footage. The property is situated near Astor Place, close to the Village, with NYU to the west and the East Village to the east. Retail options, coffee shops, and restaurants are located nearby. Transportation is accessible via the R, W, and 6 trains, with Union Square a short distance away. The available office space is 1061 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    L2 Inc. Business Management Consultant Maison Zero Club Hotel & Motel NeuroRx Factory Elevecture Architecture Firm 150Bond Corporate Office

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.992872
    Latitude
    40.7298359

    Nearby Similar for Lease

    • $60 SF/Yr
      25,936 SF

      Flushing Office Suites For Rent

      Prime commercial space in the heart of Flushing, NY.
      41-60 Main St, Flushing, NY 11355
      View Details
    • $30 SF/Yr
      25,936 SF

      Flushing Office Suites For Rent

      Prime commercial space in the heart of Flushing, Main Street.
      41-60 Main St, Flushing, NY 11355
      View Details
    • $60 SF/Yr
      25,936 SF

      Flushing Office Suites For Rent

      Prime commercial space in the heart of Flushing, Main Street.
      41-60 Main St, Flushing, NY 11355
      View Details
    • $60 SF/Yr
      25,936 SF

      Flushing Office Suites For Rent

      Prime commercial space in the heart of Flushing, Queens.
      41-60 Main St, Flushing, NY 11355
      View Details
    • $60 SF/Yr
      25,936 SF

      Flushing Office Suites For Rent

      Prime commercial space in the heart of Flushing, NY.
      41-60 Main St, Flushing, NY 11355
      View Details
    • $6,050 /Mo

      Modern Commercial Space in Flushing

      Ground floor commercial space ideal for medical or professional use.
      153-53 77Th Ave, Flushing, NY 11367
      View Details
    • $22,000

      Renovated Yorkville Retail Space

      Turnkey retail space in a prime Upper East Side location.
      1779 Unit Ground Fl New York, Manhattan, NY 10128
      View Details
    • New
      $6,000 /Mo

      Prime Flushing Medical/Clinic Space

      Ground-floor medical/clinic space in downtown Flushing with street-level access.
      137-10 Franklin Ave, Flushing, NY 11354
      View Details
    • $8,000 /Mo

      Jamaica Retail Space For Rent

      Prime commercial space in the heart of Jamaica, Queens.
      172-18 Jamaica Ave, Jamaica, NY 11432
      View Details
    • New
      $6,000 /Mo
      3,999 SF

      Flushing Commercial Space For Rent

      Commercial space suitable for daycare or school programs in Flushing.
      145-15 34Th Ave, Flushing, NY 11354
      View Details
    • $5,500 /Mo
      5,998 SF

      Jamaica Office Space For Rent

      Commercial office space available in Jamaica, Queens.
      8030 164Th St, Jamaica, NY 11432
      View Details
    • $5,000 /Mo

      Flushing Commercial Space For Rent

      Renovated commercial space in Flushing, ideal for professional or medical use.
      148-09 Northern Boulevard, Flushing, NY 11354
      View Details

    FAQs

    What type of property is this?
    Office space - Loft building in Noho with flexible floorplates and natural light.
    Where is this office space located?
    The property is located at 740 Broadway New York, NY.
    What are key features of this property?
    This property features: - Prime Noho location at Broadway and Astor Place, near NYU and the East Village.; - Excellent transportation access: R, W, and 6 trains at doorstep; short walk to Union Square.; - Flexible floorplates, high ceilings, and tenant-controlled A/C.
    (212) 609-8000
    Request Owner's contact information
    740 Broadway New York, NY 10003
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    740 Broadway
    New York, NY 10003
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    740 Broadway New York, NY 10003
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Neith Stone
    Neith Stone
    (212) 609-8000
    Learn more
    Google sign-in failed. Please try again or use another login method.