870 Broadway New York, NY 10003-1243
- Retail residential properties
- 8,098 SF
- 0.06 lot acres
Current Use by Public Records
- Retail residential properties
Property Details for 870 Broadway
- Year built
- 1910
- Lot size
- 0.06 lot acres
- Property size
- 8,098 SF
- Zone code
- M15M
- Property type
- Retail residential properties
- APN
- 00846-0054
- APU
- 8460054
Description
870 Broadway offers an exceptional retail opportunity in the heart of Manhattan's vibrant Union Square submarket. Two contiguous spaces totaling 4,000 square feet are available, with options for a single 2,000 square foot ground floor space and a matching 2,000 square foot lower level. The lower level space features walk-in boxes and existing ventilation, ideal for a variety of dry uses. The property boasts a prime location on a highly trafficked block, directly benefiting from the immense foot traffic generated by the Union Square Farmers Market, averaging over 250,000 weekly visitors. This exceptional location is further enhanced by its proximity to a diverse range of established businesses, including Paragon Sports, ABC Home, Verizon, Scotch & Soda, Dr. Martens, Venchi Chocolate, and Chipotle. The building is situated at 870 Broadway, between 17th and 18th Streets, in New York County, NY 10003. This presents a unique chance to establish a presence in one of Manhattan's most sought-after retail destinations. The total building encompasses 4,000 square feet, with the available space offering significant potential for a variety of retail concepts. The landlord prefers a dry use for the space.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $4,300,000
- 6.5%
- $3,970,000
- 7%
- $3,685,000
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Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.9899
- Latitude
- 40.7375
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
