70 Broad StNew York, NY 10004

Property Details for 70 Broad St

Year built

1908

Property size (Sq ft)

19,478 SF

Property type

Mixed-use properties

Property subtype

Other mixed-use properties

Description

This exceptional bankruptcy sale presents a rare opportunity to acquire a historic, five-story, 19,478-square-foot mixed-use building in Manhattan's Financial District. Located at 70 Broad Street, this corner property boasts a full blockfront along the west side of Broad Street, between Beaver Street and Marketfield Street. Built in 1908 and renovated in 2008, the building features a private elevator servicing three residential floors (3rd, 4th, and 5th) and three commercial/office floors (1st, 2nd, and lower level). The flexible C5-5 zoning permits a variety of uses, including office, residential, retail, hotel, or social club. Currently vacant, this property offers significant upside potential for a savvy investor. The 3,060 square foot lot sits within the Special Lower Manhattan District (LM), benefiting from initiatives designed to enhance the area's vitality. An assumable loan is available to qualified buyers at an attractive 4.169% interest rate. The property is being sold as part of a bankruptcy proceeding, with a bid deadline of Friday, December 6th, 2024, at 5:00 PM ET, and an auction date of December 13th, 2024, at 11:00 AM ET. Subject to Bankruptcy Court Approval.

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7048

Longitude

-74.0118

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