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 Market22
Property Features for 347 West Broadway
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Retail
Net Operating Income
$199,034
Listing Agency:
JA Cohen Advisory Group LLC
(917) 533-8905
Listed By:
Jack A. Cohen · License #NY 10491209522
Source:
Crexi
Added: Jul 23
Changed: Aug 8
Last Checked: Aug 12 at 2:57PM
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
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$309,594
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.74%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
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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
