815 BroadwayNew York, NY 10003
- Mixed-use properties
- 13,677 SF
Property Details for 815 Broadway
- Year built
- 1930
- Lot size
- 0.11 AC
- Property size (Sq ft)
- 13,677 SF
- Zone code
- C6-1
- Property type
- Mixed-use properties
- Property subtype
- Retail residential properties
- APN
- 00563-0033
- APU
- 5630033
Description
This exceptional retail opportunity is located at 815 Broadway in New York City's vibrant Union Square neighborhood. The property offers a total of 2,180 square feet of vacant street retail space, divisible into units ranging from a minimum of 500 square feet to a maximum contiguous space of 1,680 square feet. Situated in a prime location within New York County, this space is ideal for businesses seeking high visibility and foot traffic. The building is part of a new development, completed in Fall 2023, featuring 36 high-end residential units, ensuring a strong and affluent customer base. The retail space itself boasts a modern and efficient design, with only one column throughout the entire area, maximizing usable space and flexibility for tenant build-outs. The area is known as "Silicon Alley," home to numerous tech companies including Meta (Facebook), Imb, Kargo, Slack, and 1stDibs, creating a dynamic and thriving business environment. This is a rare chance to secure a prominent retail presence in one of Manhattan's most sought-after locations. The address is 815 Broadway, New York, NY 10003. The property is easily accessible and benefits from excellent public transportation. This space is perfect for a variety of retail uses and presents a unique opportunity for growth and success.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,803,908
- 6.5%
- $2,588,223
- 7%
- $2,403,350
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,769,907
- Geo Method
- $2,769,907
-
Alternative Use
- Use
- Valuation
- Residential
- $2,588,223
- Hospitality
- $2,370,799
- Educational
- $1,972,477
- Medical
- $2,040,313
- Retail
- $3,068,297
Location Insight
- City
- New York
- County
- New York
- State
- New York
- Latitude
- 40.733
- Longitude
- -73.9915
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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