Commercial Land Development
For Sale
Contact for pricing
793 Broadway, New York, NY 10003
Development parameters outline residential, commercial, and community facility use scenarios.
Property Size12,498 SF
Price / SF$424.07
Days on Market369
Property Features for 793 Broadway
General Information
Standard status
Active
Size
12,498 SF
Property subtype
RETAIL
Listing Agency:
Ariel Property Advisors
Listed By:
Michael A. Tortorici · License #401085153
(212) 544-9500
Source:
Moodyscre
Added: Oct 13, 2025
Changed: Oct 1
Last Checked: Oct 16 at 11:19AM
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 Ariel Property Advisors
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Investment Insights
Based on property information with market context.
This 12,498-square-foot commercial land parcel at 793 Broadway presents multiple development frameworks. Residential use is described at 3.44 FAR with up to 7,166 ZFA under the Universal Affordability Preference, or 5.01 FAR with up to 10,436 ZFA. Commercial use allows 6.0 FAR and up to 12,498 ZFA, while community facility use allows 6.5 FAR and up to 13,539 ZFA.
The property is located in New York, NY 10003, with development capacity varying by the selected use category and applicable framework.
The property is located in New York, NY 10003, with development capacity varying by the selected use category and applicable framework.
Key Highlights
- 12,498‑square‑foot commercial land parcel at 793 Broadway, New York, NY 10003
- Commercial use allows 6.0 FAR and up to 12,498 ZFA
- Community facility use allows 6.5 FAR and up to 13,539 ZFA
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$398,374
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,967,480
$8.0M
Cap Rate 7%
$5,691,057
$5.7M
Cap Rate 9%
$4,426,378
$4.4M
Market Conditions
NOI Build-Up for 12,498 SF
Gross rent
$749.9K $60.00/SF
− Vacancy
−$112.5K −$9.00/SF
EGI
$637.4K $51.00/SF
− OpEx
−$239.0K −$19.13/SF
NOI
$398.4K $31.88/SF
Area
New York, NY
Vacancy
15.00%
Lease Rate
$60.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,967,480
Cap Rate 7%
$5,691,057
Cap Rate 9%
$4,426,378
Alternative Uses
Best Use
Mixed Use
$5.69M
$4.98M – $6.64M
NOI $398,374 @ 7.0% cap · market cap 7.52%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$31.11M
$27.22M – $36.29M
NOI $2,177,652 @ 7.0% cap · market cap 41.09%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
35,753
Businesses Nearby
Explore this area
Business Placement
Demographics for 10003, NY
57,076
Population
30,730
Households
1.9
Avg Household Size
32
Median Age
82%
College-Educated
96%
High-School Grad
0.6 sq mi
ZIP Area
95,127
Density / Sq Mi
$153,750
Median Household Income
$82,560
Median Earnings
$2,772
Median Rent
$1,137,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Commercial land - Development parameters outline residential, commercial, and community facility use scenarios.
Where is this commercial land located?
The property is located at 793 Broadway New York, NY.
What is the asking price?
The asking price for this property is $5,300,000.
What are key features of this property?
This property features: 12,498‑square‑foot commercial land parcel at 793 Broadway, New York, NY 10003; Commercial use allows 6.0 FAR and up to 12,498 ZFA; Community facility use allows 6.5 FAR and up to 13,539 ZFA
