1411 BroadwayNew York, NY 10018

Property Details for 1411 Broadway

Year built

1969

Lot size

1.16 AC

Property size (Sq ft)

1,088,074 SF

Zone code

C5-3

Property type

Office properties

Property subtype

Office buildings

APN

00815-0001

APU

8150001

Description

This exceptional Class A retail property, located at 1411 Broadway in New York City's vibrant Midtown, offers unparalleled opportunities for businesses seeking a prestigious address. The building boasts a total of 1,100,000 square feet, with multiple spaces currently available for lease. Units range in size from a minimum of 681 square feet to a maximum contiguous space of 1,439 square feet, providing flexibility for various retail concepts. Currently, 2,970 square feet are vacant and ready for immediate occupancy. Situated in New York County, with a 10018 zip code, this location benefits from high foot traffic and excellent visibility, making it an ideal choice for businesses aiming to establish a strong presence in one of the world's most dynamic retail markets. The property's "A" classification signifies its superior construction, amenities, and overall quality. This is a rare opportunity to secure retail space in a highly sought-after location. The building's size and layout offer significant potential for expansion or customization, catering to a wide range of business needs. Don't miss this chance to secure your place on Broadway.

• CAP approach

  CAP return

  Valuation

  6%

  $179,891,136

  6.5%

  $166,053,360

  7%

  $154,192,400

• Comparable approach

  Method

  Valuation

  Relative Method

  $142,167,744

  Geo Method

  $142,167,744

• Alternative Use

  Use

  Valuation

  Residential

  $205,906,160

  Hospitality

  $188,608,928

  Educational

  $156,920,416

  Medical

  $162,317,152

  Retail

  $244,098,432

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7542

Longitude

-73.9876

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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