480 BroadwayNew York, NY 10013

Property Details for 480 Broadway

Year built

1900

Lot size

0.04 AC

Property size (Sq ft)

5,806 SF

Zone code

M15R7X

Property type

Investment properties

Property subtype

Live-work space

APN

00516-0025

APU

5160025

Description

This exceptional retail opportunity presents three available suites within a 24,687 square foot freestanding building located at 480 Broadway in New York City's vibrant downtown area. The property boasts a highly visible street-level presence, ideal for businesses seeking maximum exposure. Currently, the entire building, totaling 24,687 square feet, is available for lease. Individual suites range in size from a minimum of 6,934 square feet to a maximum contiguous space of 10,103 square feet, offering flexibility for various retail concepts. The building's multiple suite configuration allows for potential expansion or division to accommodate specific business needs. Situated in New York County, with a 10013 zip code, this location benefits from high foot traffic and proximity to numerous amenities and transportation options. This is a rare chance to secure a prominent retail space in one of Manhattan's most sought-after locations. The property is currently vacant, providing a blank canvas for a new tenant to create a unique and impactful retail presence. This prime retail space offers unparalleled potential for growth and success in a dynamic and bustling urban environment. Contact us today to learn more about this exceptional leasing opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $959,905

  6.5%

  $886,066

  7%

  $822,776

• Comparable approach

  Method

  Valuation

  Relative Method

  $758,612

  Geo Method

  $758,612

• Alternative Use

  Use

  Valuation

  Residential

  $1,098,722

  Hospitality

  $1,006,424

  Educational

  $837,333

  Medical

  $866,130

  Retail

  $1,302,518

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7268

Longitude

-74.0003

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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