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    579-581 Broadway New York, NY 10012

    For Lease
    Contact for pricing

    High-traffic retail space with prominent signage and storage.

    Property size:
    1,500 SF
    Lot size:
    0.23 Acres

    Property Features for 579-581 Broadway

    General Information

    Size
    1,500 SF
    Lot size
    0.23 Acres

    Source: Newmark - Corporate Agent Ariel Schuster

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

    Overview

    Prime Retail Space on Broadway

    This retail space, located on Broadway, benefits from 7-day-a-week foot traffic and prominent, grandfathered flagpole signage. The property offers 1,500 square feet of space. Additional lower level storage space is available. The location provides close proximity to the 6, B, D, F, M, R, and W subway lines. Access to the M1, M55, SIM1C, SIM33C, and SIM34 buses is available on the block.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Food Market Clothing Store Grocery Store

    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
    -73.9976114
    Latitude
    40.724676

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    FAQs

    What type of property is this?
    Retail space - High-traffic retail space with prominent signage and storage.
    Where is this retail space located?
    The property is located at 579-581 Broadway New York, NY.
    What are key features of this property?
    This property features: - 7-day-a-week foot traffic; - Close proximity to 6, B, D, F, M, R, W subway lines; - Access to M1, M55, SIM1C, SIM33C, and SIM34 buses on the block
    (212) 372-2000
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    579-581 Broadway New York, NY 10012
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    Realmo Value Estimation

    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.

    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.

    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
    579-581 Broadway New York, NY 10012
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