Full-Floor Loft Office
424 Broadway New York, NY 10013
424 Broadway, New York, NY, 10013
Contact for pricing
For Sale
Contact for pricing
Two full-floor loft office condos with direct elevator entry and 10–12' ceilings, suitable for HQ, showroom, or gallery.
Property Size4,000 SF
Price / SF$999
Days on Market54
Property Features for 424 Broadway
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Property subtype
- Office
Building Details
- Year Built
- 1915
Listing agency
BC Realty Group LLC
Listed by
Anny Yau · License #82-3004448
Source
Crexi
Added: May 30 Updated: Jul 10 at 1:50PM Checked: Jul 21 at 9:36AM
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 BC Realty Group LLC
Investment Insights
Based on property information with market context.
This offering features two full-floor commercial condominium interests designed for loft-style office and creative use. Each floor is configured with authentic loft character, including 10–12 foot ceilings and approximately 10 massive floor-to-ceiling windows that bring natural light and open volume to the space. Direct elevator access opens into the entire loft, creating an efficient, flexible floorplan that can support a range of layouts without compartmentalizing the core work area.
The property is located along Broadway in Manhattan, providing a prominent setting for businesses that benefit from a visible, street-oriented presence. Each floor operates as its own full-floor unit, giving an owner the option to acquire one floor or both, depending on whether the goal is a single tenant headquarters or combined occupancy.
For end users, the combination of direct elevator entry, ceiling height, and extensive window coverage supports environments such as headquarters, showrooms, galleries, and creative offices. For buyers evaluating flexibility, the ability to purchase one or both full floors allows tailoring to current space needs while maintaining a loft-forward presentation across the entire floorplate.
The property is located along Broadway in Manhattan, providing a prominent setting for businesses that benefit from a visible, street-oriented presence. Each floor operates as its own full-floor unit, giving an owner the option to acquire one floor or both, depending on whether the goal is a single tenant headquarters or combined occupancy.
For end users, the combination of direct elevator entry, ceiling height, and extensive window coverage supports environments such as headquarters, showrooms, galleries, and creative offices. For buyers evaluating flexibility, the ability to purchase one or both full floors allows tailoring to current space needs while maintaining a loft-forward presentation across the entire floorplate.
Key Highlights
- Two full‑floor commercial condominium spaces totaling approx. 8,000 SF (approx. 4,000 SF per floor)
- Each floor has 10–12 ft ceilings and authentic SoHo loft character
- Direct elevator access opens into each full‑floor loft space
Local Financial Insights For Office B
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 | $205.9k | $51.48 |
| − Vacancy | −$38.9k | −$9.73 |
| EGI | $167.0k | $41.75 |
| − OpEx | −$41.8k | −$10.44 |
| NOI | $125.3k | $31.31 |
4,000 SF · lease $51.48/SF/yr · vacancy 18.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.79M
$1.57M – $2.09M
NOI $125,251 @ 7.0% cap · market cap 3.13%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$9.96M
$8.71M – $11.62M
NOI $696,960 @ 7.0% cap · market cap 17.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Avitto
Clothing & Fashion Store
Vietnam Away
Association Or Organization
eduardo figueroa
Photography Service
Carryon Technologies
Corporate Office
Ulterior Gallery
Art Gallery
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FAQs
What type of property is this?
Office units - Two full-floor loft office condos with direct elevator entry and 10–12' ceilings, suitable for HQ, showroom, or gallery.
Where is this office units located?
The property is located at 424 Broadway New York, NY.
What is the asking price?
The asking price for this property is $3,999,999.
What are key features of this property?
This property features: Two full‑floor commercial condominium spaces totaling approx. 8,000 SF (approx. 4,000 SF per floor); Each floor has 10–12 ft ceilings and authentic SoHo loft character; Direct elevator access opens into each full‑floor loft space
