Retail Cooperative Unit in Union
825 Broadway, New York, NY 10003
Retail space in Union Square/Greenwich Village, steps from subway.
Type:Retail
Property size:
4,000 SFPrice / SF:
$1,625/SF- Added:
- Feb 5, 2026
- Days on Market:
- 151
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 825 Broadway
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1979
Listing office Marshall Real Estate, LLC
Listing date Feb 5, 2026
Source Crexi
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 Marshall Real Estate, LLC
HighLights
- Prime location in the heart of Union Square/Greenwich Village, benefiting from high foot traffic and proximity to major subway lines.
- Stable income stream from a 100% leased storefront to Cohen Fashion Optical, a well‑established national retailer.
- Desirable co‑tenancy with nearby businesses including Leon’s Italian Restaurant, Max Brenner, Whole Foods Market, Strand Bookstore and Regal Cinemas.
- Significant space: Approximately 4,000 gross square feet across two floors (2,000 SF ground floor and 2,000 SF basement).
- Offered unencumbered of debt to qualified investors.
- Located at the base of a 42‑unit residential cooperative building, providing a built‑in customer base.
Overview
Located on the west side of Broadway between East 12th Street and East 13th Street, just one block south of Union Square, 825 Broadway is a retail cooperative unit spanning approximately 4,000 gross square feet across two floors. The ground floor features 2,000 square feet with an additional 2,000 square feet in the basement. The property is located at the base of the 49 East 12th Street cooperative building, which was converted in 1979 to 42 residential units with a retail store at the base. Positioned in the heart of Union Square / Greenwich Village, the property is steps away from several major subway lines and benefits from an exceptional blend of upscale residential living, an abundance of commercial office buildings leased to tech firms, high-end retailers, and world-class entertainment. The retail space is surrounded by co-tenants that include Leon’s Italian Restaurant, Max Brenner, Whole Foods Market, Strand Bookstore and Regal Cinemas. The storefront is 100% leased to “Cohen Fashion Optical”, a fashion-forward eyeglasses retailer with over 100 locations across the New York City metro area, Long Island, New Jersey, Pennsylvania, Connecticut, Massachusetts, Florida and Puerto Rico. Founded in 1924 and headquartered in Garden City, New York, Cohen Fashion Optical provides eye exams and on-trend fashion eyewear.
Local 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 | $942.7k | $235.68 |
| − Vacancy | −$138.6k | −$34.64 |
| EGI | $804.1k | $201.04 |
| − OpEx | −$241.2k | −$60.31 |
| NOI | $562.9k | $140.72 |
4,000 SF · lease $235.68/SF/yr · vacancy 14.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$8.04M
$7.04M – $9.38M
NOI $562,898 @ 7.0% cap · market cap 8.66%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$9.96M
$8.71M – $11.62M
NOI $696,960 @ 7.0% cap · market cap 10.72%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Cohen's Fashion Optical
Physician
I Smoke & Vape
(Bike/Boat/Book/etc) Store
Denise M. Whittam, ...
Physician
Catherine Ho
Physician
Alice Hart
Physician
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.9392288
- Latitude
- 40.6993571
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Retail space in Union Square/Greenwich Village, steps from subway.
Where is this retail space located?
The property is located at 825 Broadway New York, NY.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Prime location in the heart of Union Square/Greenwich Village, benefiting from high foot traffic and proximity to major subway lines.; Stable income stream from a 100% leased storefront to Cohen Fashion Optical, a well‑established national retailer.; Desirable co‑tenancy with nearby businesses including Leon’s Italian Restaurant, Max Brenner, Whole Foods Market, Strand Bookstore and Regal Cinemas.
