Bi-Level Retail Building with
For Sale
Contact for pricing
426 W Broadway, New York, NY 10012
All-glass bi-level retail building with high ceilings, plus two rented recording studios in the lower level.
Property Size4,750 SF
Price / SF$2,094
Days on Market374
Property Features for 426 W Broadway
General Information
Standard status
Active
Size
4,750 SF
Property subtype
RETAIL
Listing Agency:
Sinvin Real Estate
(212) 604-9002
Listed By:
Christopher Owles
(212) 604-9002
Source:
Moodyscre
Added: Jul 25, 2025
Changed: Jul 27
Last Checked: Aug 1 at 6:31AM
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 Sinvin Real Estate
Investment Insights
Based on property information with market context.
This bi-level retail building offers up to 8,100 SF of selling space arranged over two levels. The lower level includes two recording studios that are currently rented, creating an income component alongside the retail offering.
The property features spectacular all-glass frontage and high ceilings on both levels. It is positioned in central Soho at 426 W Broadway, New York, NY 10012.
The property features spectacular all-glass frontage and high ceilings on both levels. It is positioned in central Soho at 426 W Broadway, New York, NY 10012.
Key Highlights
- Bi‑level building with up to 8,100 SF of selling space
- Sale includes two recording studios on the lower level that are currently rented
- Spectacular all‑glass frontage and high ceilings on both levels
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 | $1.12M | $235.68 |
| − Vacancy | −$164.6k | −$34.64 |
| EGI | $954.9k | $201.04 |
| − OpEx | −$286.5k | −$60.31 |
| NOI | $668.4k | $140.72 |
4,750 SF · lease $235.68/SF/yr · vacancy 14.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$9.55M
$8.36M – $11.14M
NOI $668,442 @ 7.0% cap · market cap 6.72%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$11.82M
$10.35M – $13.79M
NOI $827,640 @ 7.0% cap · market cap 8.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
30,268
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 10012, NY
23,125
Population
14,568
Households
1.6
Avg Household Size
35
Median Age
83%
College-Educated
96%
High-School Grad
0.3 sq mi
ZIP Area
77,083
Density / Sq Mi
$130,938
Median Household Income
$88,301
Median Earnings
$2,731
Median Rent
$1,500,000
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?
Storefront property - All-glass bi-level retail building with high ceilings, plus two rented recording studios in the lower level.
Where is this storefront property located?
The property is located at 426 W Broadway New York, NY.
What is the asking price?
The asking price for this property is $9,950,000.
What are key features of this property?
This property features: Bi‑level building with up to 8,100 SF of selling space; Sale includes two recording studios on the lower level that are currently rented; Spectacular all‑glass frontage and high ceilings on both levels
