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535 Broadway

$26,500,000

535 Broadway, New York, NY 10012

Active
Last Updated: 08/05/2024

14,225 sqft

Building Size

0.06 acres

Lot Area

Details:
Building Size:    14,225 sqft
Lot Area:    0.06 acres
Units:    6
Year Built:    1852
Floors:    5
Highlights:
  • Pop Mart - a publicly traded global retailer with a $3 Billion Market Capitalization, 450+ stores, and 2,300 Robo Shops in over 80 regions and countries, with rapid expansion plans to open 200 US locations over the next five to ten years
  • 25 feet of frontage on Broadway, located within the heart of SoHo
  • The ground floor offers 12-foot ceilings and mullion free windows: a prominent feature unique in the SoHo sub-market, allowing for better visibility for customers and the retailer
  • Spacious loft-like units, lightly renovated with the ability to add value through light cosmetic improvements or convert to luxury condominiums
  • Strong co-tenancy with numerous prominent brands and interactive retail establishments: Prada, Museum of Ice Cream, Bloomingdale’s, Nike Lab, GUESS, Zara, Sephora, UNIQLO etc.
  • Proximity to public transportation: Broadway-Lafayette Street Subway Station, servicing the B,D,F,M and 6 trains (One of Manhattan’s busiest subway stops with 8,000,000 riders annually) R and W trains accessible one block away at the corner of Prince Street and Broadway
Description:

Avison Young, as the exclusive agent, is pleased to offer for sale 535 Broadway (the ‘Property’), an iconic mixed-use building nestled within the historic cast-iron district of SoHo. Built in 1852, this architectural gem stands as a testament to the neighborhood’s rich heritage and cultural significance. Situated between Spring and Prince Streets, the Property is well-located in the heart of SoHo, renowned for its vibrant blend of artistic flair and upscale living.

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Today's Available Mortgage Rates

10050 Stirling Road, Hollywood, Florida 33024

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Interest Rate
Mo. Payments
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default.
Loan Amount
Rates as of 05/30/2025
BankLender #1049
5 Year Fixed
25 Year Amortization
Interest rate 5.96% 5 Year Fixed
Mo. Payment$27,295 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 63% LTV $0 Lender fees
Loan Amount $4,252,500 Loan Amount
BankLender #1068
7 Year Fixed
25 Year Amortization
Interest rate 6.06% 7 Year Fixed
Mo. Payment$28,430 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 65% LTV $0 Lender fees
Loan Amount $4,387,500 Loan Amount
BankLender #785
10 Year Fixed
25 Year Amortization
Interest rate 6% 10 Year Fixed
Mo. Payment$28,704 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 66% LTV $0 Lender fees
Loan Amount $4,455,000 Loan Amount
Largest Commercial Real Estate Lending
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