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Property profile & analytics
FOR SALE
Retail space
597 Broadway, New York, NY 10012
Entity Owned
1-yr Hold
Property ID
US63-3507386
For Sale
1 / 16
$7,850,000
597 Broadway, New York, NY 10012
View Listing →
Property summary
AI-generated overview
Retail Condo for Sale, 2nd Floor, approx. 4500SF, <br><br>Location, Location, Location, Broadway & Houston, Stunning Inspiring loft/office studio on the 2nd floor in prime SoHo (neighbors on the block include Prada, Hugo Boss, Arc'teryx, Recently renovated kitchen, private elevator, conference rooms, private offices, bathroom.<br><br>Lease rate does not include utilities, property expenses or building services<br>Fully Built-Out as retail/office<br>Open Floor Plan Layout<br>Fits 13 - 40 workers<br>Private Offices<br>Conference Room<br>7 Workstations<br>13" Finished Ceilings<br>Space is in Excellent Condition<br>Central Air Conditioning<br>Kitchen<br>Elevator Access<br>Exposed Ceiling<br>Open Plan/bathroom<br><br>$6,380,000 asking<br>
Property profile
Verified
Property type
Retail space
Year built
1900
Total area
4,500 SF
UPID
US63-3507386
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
eBay accounts for sale Business To Business Service
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The Vintage Twin (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
170 Mercer Retail LLC · 1 yrs held
170 Mercer Retail LLC
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs New York submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New York submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Status
For Sale
Year built
1900
Total area
4,500 SF
UPID
US63-3507386
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1900
Current owner
From public records · entity-resolved
170 Mercer Retail LLC
Entity
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2025
—
170 Mercer Retail LLC
—
Deed
related
$3,350,000 · Benmark Vnb Lender LLC
Feb 10, 2025
$2,350,000
170 Mercer Retail LLC
Rss Msc2019-l2 Ny 1ml, LLC
Deed
$3,350,000 · Benmark Vnb Lender LLC
Nov 22, 2024
$1,650,000
170 Mercer Retail LLC
597 Broadway Retail LLC
Deed
$1,150,000 · Derby Baker 84, LLC
Aug 28, 2024
$6,525,000
597 Broadway Retail LLC
597 Broadway Development Corp.
Deed
—
Jan 5, 2024
—
Laura Hoffmann
Erika Hoffmannkoenige
Deed
related
—
Dec 2, 2022
$5,170,000
Rss Msc2019-l2-ny 1ml, LLC
170 Mercer LLC
Deed
—
Feb 27, 2019
—
170 Mercer LLC
—
Deed
related
$2,349,812 · Cantor Com'l R/e Lndg
Feb 13, 2019
—
Cc Ny Realty INC
Jackson R/e Hldgs INC
Grant Deed
related
—
Feb 13, 2019
$4,950,000
Cc Ny Realty INC
Jackson R/e Hldgs INC
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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