815 BroadwayNew York, NY 10003

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

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.

• CAP approach

  CAP return

  Valuation

  6%

  $2,578,030

  6.5%

  $2,379,720

  7%

  $2,209,740

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,822,780

  Geo Method

  $1,822,780

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $4,657,280

  Retail / Commercial

  $2,388,230

  Hospitality / Lodging

  $1,745,920

  Office

  $2,365,580

  Institutional / Educational

  $2,473,950

  Residential Income

  $2,894,520

  Multifamily

  $3,471,530

  Automotive / Energy

  $2,120,530

  Parking / Income-Based Land

  $731,768

  Restaurant / Food Service

  $1,237,710

  Healthcare / Senior Housing

  $2,440,360

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

FAQs

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