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    1606 Broadway New York, NY 10019

    For Lease
    Contact for pricing

    Prime Times Square location, 7,231 sq ft.

    Lot size:
    7,231 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional retail opportunity presents over 7,231 square feet of vacant space in the heart of Times Square, New York County. The property boasts an unparalleled location with a 120-foot frontage wrapping around Broadway and West 49th Street, ensuring maximum brand visibility in one of the world's busiest commercial districts. The space is available as a whole (7,231 sq ft) or divisible into units ranging from a minimum of 2,817 sq ft to a maximum contiguous space of 4,414 sq ft, offering flexibility for various business needs. This high-traffic, 24/7 location provides unmatched exposure to millions of pedestrians and tourists annually. The property features two large awnings, easily convertible to LED signage, and additional opportunities for multiple billboard placements, maximizing advertising potential. This is a rare chance to establish a flagship presence in the iconic Times Square, benefiting from its vibrant atmosphere and unparalleled foot traffic. The property is classified as Commercial Retail with multiple tenancy options. Seize this unique opportunity to secure a prominent retail space in the world's most dynamic commercial hub.

    Property Features for 1606 Broadway

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,231 SF

    Unit(s) available at that property

    Space
    Ground Floor
    Size
    2,817 SF
    Space
    Retail Lower Level
    Size
    4,414 SF

    HighLights

    • 7,231 square feet of vacant retail space in New York County.
    • Multiple tenancy available, with spaces ranging from 2,817 to 4,414 contiguous square feet.
    • High‑visibility location on Broadway and West 49th Street in Times Square.
    • 120 feet of frontage on Broadway.
    • Two large awnings adaptable for LED signage and billboard opportunities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Nail Salon Dental Office Food Market Grocery Store Daycare Center Pharmacy

    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
    -73.9843207
    Latitude
    40.7605538

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    FAQs

    What type of property is this?
    Retail property - Prime Times Square location, 7,231 sq ft.
    Where is this retail property located?
    The property is located at 1606 Broadway New York, NY.
    What are key features of this property?
    This property features: 7,231 square feet of vacant retail space in New York County.; Multiple tenancy available, with spaces ranging from 2,817 to 4,414 contiguous square feet.; High-visibility location on Broadway and West 49th Street in Times Square.
    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
    1606 Broadway New York, NY 10019
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