738 BROADWAY, NEW YORK, NY

Location

Highlights

• OUTSTANDING FOOT TRAFFIC Pedestrians are funneled past the Property as they travel between Washington Square Park/NYU and Astor Place/St. Marks Place/East Village, delivering exceptional retail exposure.
• ADJACENT SUBWAY ENTRANCE An entrance to the popular Eighth Street-NYU subway station is located immediately outside of the Property, with the storefronts main display window above the subways entrance stairs.
• PREMIUM INSTALLATION The Propertys bi-level 3,877 square foot storefront has been beautifully built out, with polished concrete floors, back-lit displays, and a signature glass-enclosed elevator servicing the lower level.
• HIGH CEILINGS The appeal of the selling space is enhanced by the 15-foot ceilings on the ground floor and unusually generous 18-foot ceilings on the lower level.
• POWERFUL DEMAND DRIVERS The Property enjoys outstanding captive demand from NoHos wealthy residents, international and domestic tourists, and the growing number of young creative professionals working in the district.
• NEW YORK UNIVERSITY The storefront is located across Broadway from the massive NYU campus, with 60,000 staff and students delivering strong shopping demand.
• LOW TAXES The Property is classed 2C for real estate tax purposes, limiting future tax increases to the benefit of ownership -- current real estate taxes of just $28,321 per year.
• OWNER/OCCUPIER OPPORTUNITY The Property has the location, quality, and size to support purchase by an owner/occupier wishing to take advantage of the many benefits of commercial condominium ownership.
• LEASEBACK POTENTIAL Current owner/occupier Inokim is willing to lease back the unit on a short-term basis to cover carrying costs while new ownerships plans are enacted.
• MANAGEABLE LEVEL OF CAPITAL INVESTMENT Very rare opportunity to acquire a prime NoHo commercial asset at a seven-figure purchase price welcoming to both users and investors.