416 West Broadway
414-416 West Broadway Built in 1900, 416 West Broadway is a four-story brick building situated in the heart of SoHo, one of Manhattan's most iconic neighborhoods. The building's exterior features a classic design that is synonymous with the area, with large windows on each floor that allow natural light to flood the interior. The ground floor is home to a popular retail store, with three floors of commercial office space above.
Over the years, the building has housed a variety of businesses, ranging from fashion showrooms to creative agencies. Its location on West Broadway places it in the heart of SoHo's bustling commercial district, with easy access to some of the city's most renowned shopping and dining destinations.
Despite being over a century old, 416 West Broadway has undergone several renovations in recent years to ensure it meets the modern needs of its tenants. Upgrades include new HVAC systems, high-speed internet connectivity, and energy-efficient lighting fixtures. These upgrades, coupled with its prime location, make 416 West Broadway a sought-after address for businesses looking to establish a presence in one of Manhattan's most vibrant neighborhoods.
To learn more about how to pruchase or lease an office space in the Soho neighborhood or at this location you can call us at (347) 379-4337
Building Features
- SoHo Work/Live Space
- Unique Space for Corporate Teams
- Mix of creative space and residential space
- Loft Building (oiringal tin ceilings, exposed brick walls, high ceilings, wooden floors and large windows, rooftop deck)
- Spaces enjoy an abundance of natural light
What this Office Building can offer you
- Downtown Soho presence
- Medium sized floor plates
Tenants Past & Present
• Pinko Store (Ground Floor)
Companies with office space in SoHo?
SoHo is a well-known neighborhood in Lower Manhattan, famous for its stunning cast-iron buildings that date back to the mid-to-late 19th century. These buildings, which feature decorative facades, were created using cast iron due to its strength, fire resistance, and low cost. Today, these buildings are protected by the SoHo-Cast Iron Historic District. The east-west boundaries of SoHo are a subject of debate, but most agree that it is located north of Canal Street and south of Houston. This neighborhood is always bustling with activity, with locals residing in spacious lofts and visitors drawn to its outstanding shopping and dining options. Despite its name, SoHo is not to be confused with London's lower-case Soho, and its distinctiveness ensures it remains an iconic neighborhood in New York City.
416 West Broadway New York, NY 10012
Additional Property Photos
Statistics
- Price: $17,950,000
- Annual Taxes: Call
- Year Built 1900 / 1989 Renovated
- Type: Storefront Retail/Residential.
- Lot Size: 3,475 SF. (the linear feet between the front and back of the lot was measured at 69 ft and the front of the lot was measured at 50 ft.)
- Stories: 4 Stories total
- Typical Floor Plate:
- Square Footage: 16,830 SF.
9-story building built in 1900. The building has a total of 13,396 square feet of space.
Special Features
- Located on 416 W Broadway, in the heart of SoHo, Manhattan
- Consists of two condominiums with a total of approximately 13,390 gross square feet
- Condo #1 includes 5 apartments and 1 office, while condo #2 is a commercial condo
- Property underwent significant upgrades, including complete apartment renovations, electrical modernization, elevator installation, and a new HVAC system
- Unrenovated second-floor office and apartment provide short-term upside opportunity
- Ground floor commercial condo is occupied by Makeda, a high-end fragrance store featuring a small coffee and tea bar
- Ground floor retail unit available for rent with 1,600 square feet of commercial space and an additional 875 square feet of lower cellar space below
- Property is located in one of the most prominent shopping areas in the Soho neighborhood
- Proximity to C, E, R, W, and 6 subway lines allows for easy access to all parts of New York City
- Neighboring tenants include Laduree, Bonpoint, Chobani, and more
- Frontage measures 25' of double glass exposure
- Term is flexible for long-term and pop-up leases
- Possession available on June 1, 2023
- Rent is available upon inquiry
Transportation Options
- J N Q R Z 6 W at Canal Street under 500 feet away
- A C E at Canal Street within .018 miles
- 1 at Franklyn Street 0.26 miles
- 6 at Spring Street .032 miles
- 1 at Canal Street 0.33 miles
The property’s proximity to the C, E, R, W, and 6 subway lines allow for easy access to all parts of New York City.
Data/Internet Providers for the Building
| Service | Technology | Max Download Speed | Max Upload Speed |
|---|---|---|---|
| Verizon | Fiber | 1 GB/s | 25 MB/s |
| Time Warner Cable | Cable | 100 MB/s | 6 MB/s |
Property History
416 West Broadway is a building with a rich history that dates back to the late 19th century. It was originally constructed in 1898 by Buchman & Deisler as a department store, known at the time as the Lyons Building. The building's exterior features a classic design that is synonymous with the SoHo neighborhood, with large windows on each floor that allow natural light to flood the interior.
Over the years, the building has undergone several transformations and renovations. In recent years, it has been upgraded with new HVAC systems, high-speed internet connectivity, and energy-efficient lighting fixtures to ensure that it meets the modern needs of its tenants.
Today, 416 West Broadway is a sought-after address for businesses looking to establish a presence in one of Manhattan's most vibrant neighborhoods. Its location on West Broadway places it in the heart of SoHo's bustling commercial district, with easy access to some of the city's most renowned shopping and dining destinations. Despite its age, the building retains its historic charm and is a prime example of the stunning cast-iron buildings that make SoHo an iconic neighborhood in New York City.
Neighborhood Info located in the neighborhood of SoHo in Manhattan, New York City. SoHo is known for its historic cast-iron architecture and high-end shopping boutiques.
As for real estate information, the neighborhood of SoHo has seen a significant increase in property values over the past few decades, with many properties being sold for millions of dollars. According to Zillow, as of April 2023, the median home value in SoHo is approximately $3.6 million, with an average price per square foot of around $1,936.
It's important to note that these prices can vary significantly depending on the specific location, condition, and features of the property. Additionally, the COVID-19 pandemic has had an impact on the real estate market, so it's possible that prices may fluctuate in the coming months and years.
Purchasing a Building in Soho Today
Buying a building in SoHo Manhattan today can be a significant investment, and there are a few key factors to consider. Firstly, it's important to note that SoHo is known for its historic cast-iron buildings, which often come with a premium price tag due to their unique architecture and prime location. Additionally, the area is known for its high-end shopping, dining, and art galleries, which can also drive up property values.
If you're considering purchasing a building in SoHo, it's important to work with an experienced real estate agent who has knowledge of the local market and can help you navigate the complex process of buying a property in New York City. You'll also want to have a clear understanding of your budget and financing options, as well as any zoning or building regulations that may impact your plans for the property.
Other factors to consider when purchasing a building in SoHo include the condition of the building, its historical significance, and any potential renovation or development opportunities. It's also important to carefully review the building's financials and consider any ongoing maintenance or repair costs that may be required.
Overall, purchasing a building in SoHo can be a lucrative investment, but it's important to do your due diligence and work with qualified professionals to ensure a successful transaction.
