Retail Space in NoHo Listed at 716 Broadway
FOR SALE
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$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
30 years
10 years
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
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