Unpriced
718 Broadway
Details
APN 00545-0011
Property Type Retail
Sub Type Commercial
Square Footage 15,655
Year Built 1908
Retail | 15,655 SqFt
Marketing description
HPNY has been exclusively retained to market the sale of 718 Broadway, a premier retail Co-op in the heart of Manhattan’s NoHo neighborhood (the "Property" or "Opportunity"). The Opportunity offers a 6,500-SF ground floor, a 6,500 SF lower level ( Selling Basement) and a 3,000-SF sub-cellar totaling over 16,500 SF of versatile space which will be Delivered Vacant.
The Property presents a rare opportunity to secure a flagship headquarters in one of New York City’s most dynamic and sought-after sub-markets. NoHo’s limited inventory and strong market fundamentals are bolstered by its premier reputation as a thriving hub for creative industries, luxury retail, and innovative businesses. The neighborhood continues to outperform the broader Manhattan market due to a combination of the submarket's premier location, proximity to major transit hubs, consistent long-term appreciation, and vibrant streetscapes
Investment highlights
- Flagship Nyc Location
- NoHo is a highly sought-after sub-market, home to world-renowned shopping, restaurants, private clubs and education.
- Soaring Ceiling Heights
- The Property has 17 foot ceiling heights on the first floor and 10 foot ceiling heights on lower level which is unique and highly desirable.
- Generational Wealth Building
- New York City real estate has created generational wealth for countless business owners. Entrepreneurs who have purchased an asset to utilize for their business often hold the property for decades and realize exorbitant returns upon the ultimate sale of their property.
- Tax Benefits : Depreciation is one of the primary tax benefits of owning real estate. Over the course of the holding period, an owner can deduct depreciation as an expense, lowering their taxable income and ultimately reducing their tax liability.
- Frontage : The Property offers 50 feet of frontage along Broadway which will provide users with optimal visibility within a prime retail corridor of Historic NoHo.
- Ceiling 9'10'' 16'8''
Listing Contacts
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