Ground-Lease Retail Leasehold
For Lease
Contact for pricing
1651 Broadway, New York, NY 10019
Partial interest in a 100% occupied retail asset offered under an existing ground lease with 87 years remaining.
Property Size34,435 SF
Days on Market75
Property Features for 1651 Broadway
General Information
Standard status
Active
Size
34,435 SF
Property subtype
RETAIL
Occupancy
100%
Listing Agency:
Katz & Associates | New York City
(212) 257-5060
Listed By:
Scott Sher
Source:
Moodyscre
Added: May 19
Changed: Jul 28
Last Checked: Jul 31 at 9:42AM
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 Katz & Associates | New York City
Investment Insights
Based on property information with market context.
The offering is for a partial interest in the leasehold position of a 100% occupied retail asset. The property is subject to an existing ground lease described as minimally impactful, with a stated rent of $45,000 per year.
The lease has 87 years remaining as of the stated LXD of February 9, 2111. The property is located at 1651 Broadway, New York, NY 10019.
All inquiries should be directed to Katz & Associates.
The lease has 87 years remaining as of the stated LXD of February 9, 2111. The property is located at 1651 Broadway, New York, NY 10019.
All inquiries should be directed to Katz & Associates.
Key Highlights
- Sold subject to an existing ground lease with $45k/year rent and 87 years remaining (LXD: Feb 9, 2111).
- Partial interest in the leasehold position in a 100% occupied retail asset.
Property Analytics
Current Use
Lease Details
100%
Occupancy
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
57,003
Businesses Nearby
Explore this area
Business Placement
Demographics for 10019, NY
49,029
Population
33,279
Households
1.5
Avg Household Size
38
Median Age
78%
College-Educated
98%
High-School Grad
0.7 sq mi
ZIP Area
70,041
Density / Sq Mi
$121,835
Median Household Income
$108,231
Median Earnings
$2,619
Median Rent
$1,066,100
Median Home Value
Market
Lease Benchmarks for New York, NY
$89.62 /SF/Yr
Avg Asking Price
$12–$250 /SF/Yr
Price Range
2,906 SF
Avg Space Size
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Partial interest in a 100% occupied retail asset offered under an existing ground lease with 87 years remaining.
Where is this retail space located?
The property is located at 1651 Broadway New York, NY.
What are key features of this property?
This property features: Sold subject to an existing ground lease with $45k/year rent and 87 years remaining (LXD: Feb 9, 2111).; Partial interest in the leasehold position in a 100% occupied retail asset.
