416 West Broadway, a highly sought-after mixed-use property located in the heart of Soho, one of New York City's most coveted neighborhoods. This four-story elevator building offers approximately 13,390 gross square feet of space spread across two condominiums, with condo #1 featuring five apartments and one office, and condo #2 featuring one commercial condo.

Asking price for this property is $17,950,000, translating to $1,340 per square foot. The property is a stable and core investment opportunity, with its prime location and supply-constrained market conditions making it an attractive option for potential tenants seeking to relocate their business or lease office and residential space.

The property has undergone significant upgrades in recent years, including complete apartment renovations, electrical modernization, elevator installation, and a new HVAC system. The top two floors' four apartments have been immaculately renovated, offering tenants a comfortable and modern living space. The unrenovated second-floor office and apartment present a short-term upside opportunity for new ownership.

The property's ground floor commercial condo is currently occupied by Makeda, a high-end fragrance store featuring a small coffee and tea bar. The retail unit is available for rent, offering 1,600 square feet of commercial space and an additional 875 square feet of lower cellar space below. The retail space features charming open space, exposed brick, and skylights in the back, making it a perfect fit for tenants looking to blend luxury and elegance.

416 West Broadway's prime location puts it right in the middle of Soho's most prominent shopping areas. Tenants can enjoy proximity to some of the biggest names in fashion, including Yves Saint Laurent, Nike, Gucci, CHANEL, Versace, and Louis Vuitton. The property's location near the C, E, R, W, and 6 subway lines offers easy access to all parts of New York City, making it a highly desirable location for business.

If you're looking to make a strategic business move, 416 West Broadway is an excellent option to consider. Contact us today to schedule a viewing and see for yourself what this highly coveted property has to offer

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