Retail Storefront with Long-Term
For Sale
Contact for pricing
347 West Broadway, New York, NY 10013
For sale retail storefront operated under a long-term lease with annual rent escalations and a personal guaranty.
Property Size2,200 SF
Price / SF$1,818
Days on Market10
Property Features for 347 West Broadway
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Retail
Listing Agency:
JA Cohen Advisory Group LLC
(917) 533-8905
Listed By:
Jack A. Cohen · License #NY 10491209522
Source:
Crexi
Added: Jul 23
Changed: Jul 29
Last Checked: Aug 1 at 5:10PM
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 JA Cohen Advisory Group LLC
Investment Insights
Based on property information with market context.
347 West Broadway is a retail storefront for sale with an existing long-term lease in place. The lease includes contractual annual rent escalations, along with a personal guaranty, designed to support stable income over time.
The property is offered as an investment asset, with the current leasing arrangement positioned to require minimal management responsibilities. The building’s retail configuration is supported by the dedicated storefront setup.
The asking price is listed at $4,000,000, and the property size is reported as 2,200 square feet.
The property is offered as an investment asset, with the current leasing arrangement positioned to require minimal management responsibilities. The building’s retail configuration is supported by the dedicated storefront setup.
The asking price is listed at $4,000,000, and the property size is reported as 2,200 square feet.
Key Highlights
- Retail storefront for sale with a long‑term lease in place
- Lease includes contractual annual rent escalations
- Personal guaranty provided for the lease
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $518.5k | $235.68 |
| − Vacancy | −$76.2k | −$34.64 |
| EGI | $442.3k | $201.04 |
| − OpEx | −$132.7k | −$60.31 |
| NOI | $309.6k | $140.72 |
2,200 SF · lease $235.68/SF/yr · vacancy 14.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.42M
$3.87M – $5.16M
NOI $309,594 @ 7.0% cap · market cap 7.74%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.48M
$4.79M – $6.39M
NOI $383,328 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
33,018
Businesses Nearby
Explore this area
Business Placement
Demographics for 10013, NY
31,042
Population
15,933
Households
1.9
Avg Household Size
36
Median Age
72%
College-Educated
89%
High-School Grad
0.5 sq mi
ZIP Area
62,084
Density / Sq Mi
$159,474
Median Household Income
$92,765
Median Earnings
$2,378
Median Rent
$2,000,001
Median Home Value
Market
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 - For sale retail storefront operated under a long-term lease with annual rent escalations and a personal guaranty.
Where is this retail space located?
The property is located at 347 West Broadway New York, NY.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Retail storefront for sale with a long‑term lease in place; Lease includes contractual annual rent escalations; Personal guaranty provided for the lease
