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Retail Space in NoHo Listed at 716 Broadway

Retail Space in NoHo Listed at 716 Broadway
FOR SALE
View more

$5,750,000

716 Broadway, New York, NY 10003

4,900 SF

Square Feet

$1,173

PPSF

9.93%

CAP

Property Description

NOI

$570,975

Cap Rate

9.93%

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.


Property Details

Asset Type

Retail

Zoning

M1-5 / R9A

Lot Size

3,440 SF

Neighborhood

NoHo

Submarket

New York

ZIP

10003

Renovated

2009

Listing Type

sale


Offering Memorandum

Download

Net Operating Income (NOI)

$905,852

Debt Service Coverage Ratio (DSCR)

2.77x

Cap Rate

15.75%

Cash Flow (Annual)

$578,756

Cash-on-Cash Return

40.26%

Monthly Debt Service

$27,258

Annual Debt Service

$327,095

View on Map

Address

716 Broadway

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New York Retail Market Snapshot

Boundary boundary · Retail · Sale

No investors found in this market.

Contact the Listing Team

Eric Karmitz

Eric Karmitz

Associate Director

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Brent Glodowski

Brent Glodowski

Director

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Eric Karmitz

Eric Karmitz

Associate Director

36 closed

Call
Brent Glodowski

Brent Glodowski

Director

36 closed

Call