716 Broadway

New York, NY

Download Offering Memorandum

Overview

Summary

  • Size (SF) 4,900
  • Cap Rate 9.88%
  • Asking Price $5,750,000

Avison Young, as the exclusive agent, is pleased to offer for sale the retail co-op space at 716 Broadway, an exceptional retail opportunity in the bustling NoHo Historic District. The fully leased co-op is under a master lease which runs through 2079, and the commercial unit is leased to Foot Locker until 2029. The space spans 2,770 RSF on the ground floor, with a usable 2,121 RSF lower level. The 6-story property boasts 25 feet of frontage along Broadway, offering significant visibility and foot traffic in one of Manhattan’s most desirable submarkets. The space underwent substantial renovations in 2009, ensuring an inviting environment for its tenants.

Investment Highlights

25 feet of frontage along Broadway

Significant renovations completed in 2009

Master Lease through 2079
Fully occupied by Foot Locker through 2029

4,900 RSF retail co-op space across the ground and lower level

Documents

716 Broadway Flyer

Team

Brent Glodowski

Director
Avison Young - US - NY - New York
202 246 4123

Eric Karmitz

Director
Avison Young - US - NY - New York
201 874 5017