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    808 Broadway New York, NY 10003

    Sponsored
    For Sale
    Contact for pricing

    Prime Manhattan location, high rent upside

    Property size:
    25,498 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail condominium opportunity in Manhattan's NoHo neighborhood offers 25,498 square feet across two addresses: 808 Broadway and 108-110 4th Avenue. The property boasts a unique block-through positioning with storefronts on both Broadway and 4th Avenue, maximizing visibility and foot traffic. Currently, the space is 9% occupied, presenting significant rent upside potential. The existing tenant at 808 Broadway is under a short-term, below-market lease, providing immediate cash flow to cover carrying costs. The property features high ceilings (14-16 feet) and over 15,000 square feet of lower-level storage space. Its desirable location, near Union Square, Greenwich Village, and numerous subway lines (4/5/6, N/Q/R/W, F, and L), ensures high traffic and demand. The surrounding area includes popular retail destinations such as Wegman's, Flight Club, Target, and Whole Foods, along with luxury residential and office buildings. Assumable financing is available, making this a compelling investment opportunity with substantial upside potential. The property is situated in a wealthy neighborhood known for its high concentration of affluent residents and celebrities.

    Property Features for 808 Broadway

    General Information

    Property type
    Individual retail properties
    Square Feet
    25,498 SF

    HighLights

    • Assumable financing available with below‑market interest payments.
    • Unique block‑through retail space with storefronts on Broadway and 4th Avenue, commanding higher rents.
    • Significant rent upside potential with current below‑market lease providing in‑place cash flow.
    • High ceilings (14‑16 feet) and over 15,000 square feet of lower‑level storage.
    • Desirable NoHo/Union Square/Greenwich Village location in a high‑wealth zip code.
    • High foot traffic due to proximity to major retailers and residential buildings.
    Property Profile Location Intelligence

    Current Use by Public Records

    Learning Solutions Online ... Website Designer American Movie Company Video Production Service LED Video Wall ... Video Production Service AriMeca Gallery Art Gallery

    Suggested Use

    Law Firm Restaurant Realty agency 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
    State
    New York
    Longitude
    -73.991268247703
    Latitude
    40.732465200402

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    FAQs

    What type of property is this?
    Individual retail property - Prime Manhattan location, high rent upside
    Where is this individual retail property located?
    The property is located at 808 Broadway New York, NY.
    What are key features of this property?
    This property features: Assumable financing available with below-market interest payments.; Unique block-through retail space with storefronts on Broadway and 4th Avenue, commanding higher rents.; Significant rent upside potential with current below-market lease providing in-place cash flow.
    Request Owner's contact information
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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
    808 Broadway New York, NY 10003
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