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501 Broadway
New York, NY 10012
Capital One Retail Condo · Build-to-Rent Property For Sale · 9 Units

INVESTMENT HIGHLIGHTS

  • Recently Constructed (2007) – Modern Design – Attractive Physical Features
  • World-Class Broadway Location – Strategically Situated Among Major Flagships and National Retailers
  • Rental Increases: 10% Every Three Years – Strong Inflation Protected Yields
  • Institutionally Owned and Managed: No Major / Upcoming Capital Expenditures
  • 6.5+ Years Remaining on the Original 12 Year Modified Triple-Net (NNN) Lease

EXECUTIVE SUMMARY

SoHo is a neighborhood in Lower Manhattan, New York City, which in recent history came to the public's attention for being the location of many artists' lofts and art galleries, but is now better known for its variety of shops ranging from trendy upscale boutiques to national and international chain store outlets. The name "SoHo" refers to the area being "South of Houston Street", and was also a reference to SoHo, an area in London's West End. Almost all of SoHo is included in the SoHo-Cast Iron Historic District, which was designated by the New York City Landmarks Preservation Commission in 1973, extended in 2010, and was listed on the National Register of Historic Places and declared a National Historic Landmark in 1978. It consists of 26 blocks and approximately 500 buildings, many of them incorporating cast-iron architectural elements. SoHo is bounded by Houston Street on the northern side, Canal Street on the south, Crosby Street on the east, and Sixth Avenue to the west. SoHo's chain outlets are clustered in the northern area of the neighborhood, along Broadway and Prince and Spring Streets. The sidewalks in this area are often crowded with tourists and with vendors selling jewelry, T-shirts, and other works. SoHo is known for its commercialization and eclectic mix of boutiques for shopping. New York City’s tourist visitor numbers have increased to a record breaking 60.3 million in 2016, up from 48.8 million in 2010.

PROPERTY FACTS

No. Units 9
Property Type Build-to-Rent
Property Subtype Apartment
Apartment Style Mid-Rise
Costar Property Class B
Total Plot Size 0.13 ac
Property Size 36,700 sq ft
No. Floors 7
Year Built 2005
APN / Parcel ID
0484-1002
  • 0484-7501
Use Class M1-5B - Light industrial with offices, hotels, and most retail uses permitted

AMENITIES

SITE AMENITIES

  • On-Site Retail
  • Public Transportation
  • Listing ID: 12456488

  • Date on Market: 03/05/2018

  • Last Updated:

  • Address: 501 Broadway, New York, NY 10012

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