Five-Story Office
New
For Sale
Contact for pricing
623 Broadway, New York, NY 10012
Fully leased commercial building with two tenants, a full basement, and access from both Broadway and Mercer Street.
Property Size45,440 SF
Days on Market2
Property Features for 623 Broadway
General Information
Standard status
Active
Size
45,440 SF
Net Rentable
45,440 SF
Property subtype
Office
Occupancy
100%
Additional Details
Public Transit
Yes
Amenities
100% Leased to Long-Tenured Tenants – Fully occupied by JPMorgan Chase and Greenwich House, with Chase operating at the Property continuously since 1989.
Built-In 3% Annual Rent Growth – 100% of the rent roll features fixed 3% escalations, driving projected NOI from $2.39M in 2027 to $3.20M by 2036.
Irreplaceable SoHo / NoHo Location – Prime Broadway location on the SoHo border, directly across from NYU's $1.2B Paulson Center and steps from major subway lines.
Significant Mark-to-Market Upside – Greenwich House pays just $55.14/SF versus a $75/SF submarket asking rent, providing meaningful long-term upside.
Rare Through-Block Broadway Asset – Full through-block property with frontage on Broadway and Mercer Street, including dedicated freight access from Mercer Street.
Building Details
Building Size
45,440 SF
Year Built
1900
Buildings
1
Stories
5
Tenancy
Multi
Listed By:
Adam Steiner · License #License(s): NJ: 2298831, NY: 10401373472
(212) 430-5175
Source:
Marcusmillichap
Added: Sep 5
Last Checked: Sep 6 at 4:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Adam Steiner
Investment Insights
Based on property information with market context.
This five-story office building with a full basement contains 45,440 rentable square feet and is fully leased to two tenants. JPMorgan Chase Bank, N.A. has operated a branch on the ground floor and lower level since 1989, while Greenwich House, Inc. occupies 39,440 square feet from the basement through the fifth floor. The property was built in 1900.
Located at 623 Broadway in New York’s NoHo area, the building occupies the west side of Broadway between West Houston and Bleecker Streets, with an additional entrance at 190 Mercer Street. It sits near the SoHo retail corridor, Bond Street, Great Jones Street, NYU’s John A. Paulson Center at 181 Mercer Street, and the Broadway Lafayette Street/Bleecker Street subway station, served by the B, D, F, M, and 6 lines.
Located at 623 Broadway in New York’s NoHo area, the building occupies the west side of Broadway between West Houston and Bleecker Streets, with an additional entrance at 190 Mercer Street. It sits near the SoHo retail corridor, Bond Street, Great Jones Street, NYU’s John A. Paulson Center at 181 Mercer Street, and the Broadway Lafayette Street/Bleecker Street subway station, served by the B, D, F, M, and 6 lines.
Key Highlights
- 45,440 rentable square feet across five stories plus a full basement
- 100% leased to two tenants
- 39,440 square feet occupied by Greenwich House, Inc.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
34,283
Businesses Nearby
Explore this area
Business Placement
Demographics for 10012, NY
23,125
Population
14,568
Households
1.6
Avg Household Size
35
Median Age
83%
College-Educated
96%
High-School Grad
0.3 sq mi
ZIP Area
77,083
Density / Sq Mi
$130,938
Median Household Income
$88,301
Median Earnings
$2,731
Median Rent
$1,500,000
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Fully leased commercial building with two tenants, a full basement, and access from both Broadway and Mercer Street.
Where is this office building located?
The property is located at 623 Broadway New York, NY.
What are key features of this property?
This property features: 45,440 rentable square feet across five stories plus a full basement; 100% leased to two tenants; 39,440 square feet occupied by Greenwich House, Inc.
