815 BroadwayNew York, NY 10003

  • Mixed-use properties
  • 13,677 SF
For Lease

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
815 Broadway, New York, New York

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$187,606
$478,800
$1,301,460
$1,780,260
-
$1,064,000
$2,872,000
$3,936,000

FAQs

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