424 Broome Street
New York, NY
Overview
- Asking Price $6,750,000
- Total Square Footage 3,759 SF
- Cap Rate 6.53%
- Neighborhood SoHo
Avison Young, as the exclusive agent, is pleased to offer for sale 424 Broome Street (the “Unit”), a fully occupied retail co-op situated between Lafayette and Crosby Streets in the heart of SoHo’s historic cast-iron district. Featuring 25 feet of prime frontage along the highly visible and heavily trafficked Broome Street, the unit spans 3,759 square feet, including 2,289 square feet of ground floor retail and 1,470 square feet of usable lower-level space. The Unit is 100% leased to Indochino Apparel, a global menswear retailer, through 2032 at a below-market rent, providing long-term, stable cash flow and potential future upside.
Highlights
Long-Term Lease to Global Retailer
Protected Tax Class 2C
Prime SoHo Location & Visibility with Great Co-Tenancy
Turn-Key, Renovated Condition
Dynamic Mixed-Use District
Proximity to 6/N/Q/R/W/J/Z Subway Lines
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