535 Broadway
New York, NY
Overview
Summary
- Gross Square Footage 14,225
- Floors 5
- Asking Price $24,000,000
Avison Young, as the exclusive agent, is pleased to offer for sale 535 Broadway (the ‘Property’), an iconic mixed-use building nestled within the historic cast-iron district of SoHo. Built in 1852, this architectural gem stands as a testament to the neighborhood’s rich heritage and cultural significance. Situated between Spring and Prince Streets, the Property is well-located in the heart of SoHo, renowned for its vibrant blend of artistic flair and upscale living.
Investment Highlights
Pop Mart - a publicly traded global retailer with a $3 Billion Market Capitalization, 450 stores, and 2,300 Robo Shops in over 80+ regions and countries, with rapid expansion plans to open 200 US locations over the next five to ten years
25 feet of frontage on Broadway, located within the heart of SoHo
The ground floor offers 12-foot ceilings and mullion free windows: a prominent feature unique in the SoHo sub-market, allowing for better visibility for customers and the retailer
Spacious loft-like units, lightly renovated with the ability to add value through light cosmetic improvements or convert to luxury condominiums
Strong co-tenancy with numerous prominent brands and interactive retail establishments: Prada, Museum of Ice Cream, Bloomingdale’s, Nike Lab, GUESS, Zara, Sephora, UNIQLO etc.
Proximity to public transportation: Broadway-Lafayette Street Subway Station, servicing the B,D,F,M and 6 trains (One of Manhattan’s busiest subway stops with 8,000,000 riders annually) R and W trains accessible one block away at the corner of Prince Street and Broadway
