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    424 Broadway 2 New York, NY 10013

    For Lease
    $39 SF/Yr ($13,000 /Mo)

    Prime SoHo office space, 4,000 sq ft.

    Lot size:
    4,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 4,000-square-foot office loft is ideally situated in the heart of SoHo, between Broadway and Canal Street, offering unparalleled access to the vibrant neighborhoods of Nolita, Tribeca, and Little Italy. Located in a six-story building constructed in 1915, this single-tenant space occupies the entire second floor and boasts 10 oversized windows providing abundant natural light. The high ceilings, ranging from 10 to 12 feet, create a spacious and airy atmosphere. Two private bathrooms and numerous sink hookups add to the functionality of this creative space. The property features 24/7 elevator access. Lease terms are negotiable, with a 5-10 year term and immediate possession available. The building's location provides exceptional access to public transportation, with numerous subway lines (N, Q, R, W, 6, J, Z, A, C, E) conveniently located at the Canal Street stop. The high-income area and high foot traffic ensure excellent visibility and accessibility. The building's diverse tenant mix includes art galleries and professional businesses, creating a dynamic and creative environment. The lot size is 4,920 square feet. This is a truly unique opportunity to secure a remarkable office space in one of Manhattan's most sought-after locations.

    Property Features for 424 Broadway 2

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,000 SF
    Total Rate
    13000

    Building Details

    Year Built
    1915
    Stories
    6

    Unit(s) available at that property

    Space
    424 Broadway 2
    Size
    4,000 SF
    Rate per SF
    $39
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Food Market Clothing Store Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York (Manhattan)
    State
    New York
    Longitude
    -74.0014255
    Latitude
    40.7195625

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    FAQs

    What type of property is this?
    Office Property / Space - Prime SoHo office space, 4,000 sq ft.
    Where is this office property / space located?
    The property is located at 424 Broadway 2 New York, NY.
    What is the lease rate?
    The lease rate is $39 SF/Yr.
    Request Owner's contact information
    424 Broadway 2 New York, NY 10013
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    424 Broadway 2 New York, NY 10013
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