716 Broadway
New York, NY
Overview
Summary
- Size (SF) 4,900
- Cap Rate 11.67%
- Asking Price $4,800,000
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
