598 BroadwayNew York, NY 10012

Property Details for 598 Broadway

Year built

1901

Lot size

0.13 AC

Property size (Sq ft)

64,120 SF

Zone code

M15R9X

Property type

Office properties

Property subtype

Other office properties

APN

00511-0015

APU

5110015

Description

This exceptional 3,000-square-foot executive office suite presents a remarkable opportunity in the heart of Soho, at the bustling intersection of Broadway and Houston. Located on the second floor, this single-tenant space boasts a brand-new renovation, showcasing soaring 15-foot ceilings, expansive windows flooding the space with natural light, and beautiful hardwood floors. The open layout offers unparalleled flexibility, allowing for customization to perfectly suit diverse business needs, whether retail, office, showroom, or fitness. Architectural details add character and charm to this dramatic space, ideal for businesses seeking a dynamic and exciting presence in one of Manhattan's most vibrant neighborhoods. The building itself features a modern, fully attended lobby, providing a professional and welcoming environment for clients and employees. The asking price of $40 per square foot represents an exceptional value for this prime Soho location, making it an unparalleled opportunity for discerning businesses. This property is situated in New York County and is classified as retail and office space. The space is currently vacant and ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $10,600,951

  6.5%

  $9,785,493

  7%

  $9,086,530

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,377,919

  Geo Method

  $8,377,919

• Alternative Use

  Use

  Valuation

  Residential

  $12,134,012

  Hospitality

  $11,114,690

  Educational

  $9,247,291

  Medical

  $9,565,320

  Retail

  $14,384,675

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7249

Longitude

-73.9966

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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