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738 BROADWAY, NEW YORK, NY

738 Broadway , New York, NY 10003

UPLAND PROPERTY ADVISORS, as exclusive agent, is pleased to offer for sale the 3,877 square foot retail condominium unit at 738 Broadway in NoHo (the “Property”). Located along the east side of Broadway between Astor Place and Waverly Place at the base of a recent luxury condominium conversion, the Property enjoys truly exceptional visibility and foot traffic, with an entrance into the Eighth Street-NYU subway station immediately outside the Property. Strong year-round retail demand is delivered by NoHo’s wealthy residents, tourists, TAMI office workers, and NYU students. This offering presents a unique opportunity to acquire one of NoHo’s most attractive and well-located retail assets at price point that is manageable for both investors and owner/occupiers.
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Location

  • City New York, NY
  • Neighborhood NoHo
  • Zip Code 10003
  • Market Manhattan

Contacts

broker

YOAV OELSNER

(646) 908-4990

broker

GLENN TOLCHIN

(646) 908-4989

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.

Frequently Asked Questions

What is the total square footage of 738 BROADWAY, NEW YORK, NY?

738 BROADWAY, NEW YORK, NY totals 3,877 square feet.

When was this property built?

738 BROADWAY, NEW YORK, NY was built in 2014.

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