Corner Retail Storefront with Dual
For Sale
Contact for pricing
682 Broadway, New York City, NY 10012
Corner storefront with dual street frontage at a highly trafficked Manhattan intersection.
Property Size2,049 SF
Price / SF$2,684
Days on Market124
Property Features for 682 Broadway
General Information
Standard status
Active
Size
2,049 SF
Property subtype
Retail
Zoning
M1-5/R9A
Investment Type
Owner/User
Listing Agency:
Kassin Sabbagh Realty
Listed By:
Albert Sultan · License #NY
(732) 859-5995
Source:
Crexi
Added: May 8
Changed: Aug 31
Last Checked: Sep 8 at 5:40AM
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 Kassin Sabbagh Realty
Investment Insights
Based on property information with market context.
Kassin Sabbagh Realty is pleased to present a premier retail opportunity at 682 Broadway, New York, NY 10012. The property is located on the southeast corner of Great Jones and Broadway and features dual street frontage designed to support strong retail presence. The building also offers prominent illuminated signage potential.
Situated in the heart of NoHo, the corner position supports visibility in a neighborhood described as highly trafficked, with an emphasis on retail and dining. The surrounding area includes national retailers, boutique fitness concepts, and hospitality destinations, with nearby anchors including Equinox, Kith, Starbucks, and Great Jones Distilling Co.
The remarks cite more than 20,000 vehicles passing everyday and a population exceeding 276,000 residents within a one-mile radius, contributing to broad market exposure. This architecturally distinctive corner building is presented as well-suited for flagship retail and experiential brand activations seeking a commanding presence.
Situated in the heart of NoHo, the corner position supports visibility in a neighborhood described as highly trafficked, with an emphasis on retail and dining. The surrounding area includes national retailers, boutique fitness concepts, and hospitality destinations, with nearby anchors including Equinox, Kith, Starbucks, and Great Jones Distilling Co.
The remarks cite more than 20,000 vehicles passing everyday and a population exceeding 276,000 residents within a one-mile radius, contributing to broad market exposure. This architecturally distinctive corner building is presented as well-suited for flagship retail and experiential brand activations seeking a commanding presence.
Key Highlights
- Corner retail property at the southeast corner of Great Jones and Broadway
- Dual street frontage with potential for prominent illuminated signage
- Located in NoHo near major retailers and dining destinations including Equinox, Kith, Starbucks, and Great Jones Distilling Co.
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
$288,345
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
5.24%
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%
$5,766,900
$5.8M
Cap Rate 7%
$4,119,214
$4.1M
Cap Rate 9%
$3,203,833
$3.2M
Market Conditions
NOI Build-Up for 2,049 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
$482.9K $235.68/SF
− Vacancy
−$71.0K −$34.64/SF
EGI
$411.9K $201.04/SF
− OpEx
−$123.6K −$60.31/SF
NOI
$288.3K $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%
$5,766,900
Cap Rate 7%
$4,119,214
Cap Rate 9%
$3,203,833
Alternative Uses
Best Use
Retail
$4.12M
$3.60M – $4.81M
NOI $288,345 @ 7.0% cap · market cap 5.24%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.10M
$4.46M – $5.95M
NOI $357,018 @ 7.0% cap · market cap 6.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
34,283
Businesses Nearby
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?
Retail space - Corner storefront with dual street frontage at a highly trafficked Manhattan intersection.
Where is this retail space located?
The property is located at 682 Broadway New York City, NY.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Corner retail property at the southeast corner of Great Jones and Broadway; Dual street frontage with potential for prominent illuminated signage; Located in NoHo near major retailers and dining destinations including Equinox, Kith, Starbucks, and Great Jones Distilling Co.
