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 Market102
Property Features for 347 West Broadway
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Retail
Net Operating Income
$199,034
Site & Location
Neighborhood
Manhattan
Listing Agency:
JA Cohen Advisory Group LLC
Listed By:
Jack A. Cohen · License #NY 10491209522
(917) 533-8905
Source:
Crexi
Added: Jul 23
Changed: Oct 28
Last Checked: Nov 1 at 5:54AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$309,594
Cap Rate
7.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,191,880
$6.2M
Cap Rate 7%
$4,422,771
$4.4M
Cap Rate 9%
$3,439,933
$3.4M
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$518.5K $235.68/SF
− Vacancy
−$76.2K −$34.64/SF
EGI
$442.3K $201.04/SF
− OpEx
−$132.7K −$60.31/SF
NOI
$309.6K $140.72/SF
Area
New York, NY
Vacancy
14.70%
Lease Rate
$235.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,191,880
Cap Rate 7%
$4,422,771
Cap Rate 9%
$3,439,933
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
7,297
Businesses Nearby
74k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 50%
Groceries 18%
Shops & Services 17%
Hotels & Casinos 14%
Dunkin' Donuts
Dining
14,140 visits/mo
0.1 miles
C-Town Supermarkets
Groceries
13,145 visits/mo
0.4 miles
BP
Shops & Services
12,903 visits/mo
0.3 miles
Starbucks
Dining
12,417 visits/mo
0.5 miles
Moxy Brooklyn Williamsburg
Hotels & Casinos
10,345 visits/mo
0.4 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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
