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    793 Broadway New York, NY 10003

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    For Sale
    $5,750,000

    Land parcel suitable for residential, commercial, or community facility development.

    Property size:
    12,498 SF
    Lot size:
    0.05 Acres

    Property Features for 793 Broadway

    General Information

    Size
    12,498 SF
    Lot size
    0.05 Acres

    Source: Ariel Property Advisors Agent Michael A. Tortorici

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

    Overview

    Prime Land Parcel For Sale

    This property is a land parcel suitable for various development purposes. It allows for residential use with a standard residential Floor Area Ratio (FAR) of 3.44, potentially yielding up to 7,166 square feet of ZFA. Utilizing the Universal Affordability Preference (UAP), the FAR increases to 5.01, allowing for up to 10,436 square feet of ZFA. For commercial use, the property supports a 6.0 FAR, enabling development of up to 12,498 square feet of ZFA. Furthermore, it is suitable for community facility use, with a 6.5 FAR that could accommodate up to 13,539 square feet of ZFA. The property's total size is 12,498 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    David Butler Photographer braschler/fischer Photographer KATE POWERS INC. Fashion Designer Floto+Warner Studio Photographer

    Suggested Use

    Law Firm Restaurant Realty agency 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
    -73.9915203
    Latitude
    40.7321229

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    FAQs

    What type of property is this?
    Commercial land - Land parcel suitable for residential, commercial, or community facility development.
    Where is this commercial land located?
    The property is located at 793 Broadway New York, NY.
    What is the asking price?
    The asking price for this property is $5,750,000.
    What are key features of this property?
    This property features: - High FAR allowing for significant development potential.; - Versatile zoning permits residential, commercial, or community facility use.; - Potential for up to 13,539 ZFA for community facility use.
    (212) 544-9500
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    793 Broadway New York, NY 10003
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    New York, NY 10003
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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
    793 Broadway New York, NY 10003
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