424 Broadway #3, New York, NY 10013
Local realty services provided by:ERA Top Service Realty
424 Broadway #3,New York, NY 10013
$3,750,000
- 2 Beds
- 2 Baths
- 4,000 sq. ft.
- Condominium
- Active
Listed by: anny yau
Office: bc realty group llc.
MLS#:503173
Source:BROOKLYN
Price summary
- Price:$3,750,000
- Price per sq. ft.:$937.5
About this home
ICONIC SOHO FULL-FLOOR
A rare opportunity to own an income-producing, full-floor commercial loft in the heart of Downtown Manhattan.
Located near Broadway and Canal Street—where SoHo, Nolita, Tribeca, and Little Italy converge—this approximately 4,000-square-foot third-floor loft is currently occupied by an art gallery and offers an extraordinary combination of architectural character, natural light, flexible use, and investment potential.
Oversized windows illuminate the expansive open interior, while approximately 10- to 12-foot ceilings, classic hardwood floors, exposed architectural details, and 24/7 elevator access create an impressive setting for a gallery, showroom, creative headquarters, design studio, fashion company, professional office, or owner-user.
Property Highlights
• Approximately 4,000 square feet
• Currently leased to an art gallery
• 24/7 elevator access
• Oversized windows and excellent natural light
• Approximately 10- to 12-foot ceilings
• Expansive, flexible open layout
• Classic hardwood flooring
• Two private bathrooms
• Lease expiration: April 30, 2027
Current Annual Income $202,464
Projected Monthly Rent at $65/SF $21,666
Projected Annual Income at $65/SF $259,992
Annual Operating Expenses
Expense Annual Amount
Common Charges $22,000 per year
Real Estate Taxes $46,726 per year
Insurance $1,250 per year
Total Annual Expenses $69,976
Investment Overview
Current Net Operating Income: approximately $132,488 annually
Projected Net Operating Income at $65/SF: approximately $190,016 annually
Current Cap Rate at $3,750,000: approximately 3.53%
Projected Cap Rate at $3,750,000: approximately 5.07%...
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Home facts
- Year built:1915
- Listing ID #:503173
- Added:80 day(s) ago
- Updated:October 09, 2026 at 11:32 AM
Rooms and interior
- Bedrooms:2
- Total bathrooms:2
- Full bathrooms:2
- Rooms Total:4
- Bathrooms Description:2 Bathroom(s) on Level 1
- Bedroom Description:2 Bedroom(s) on Level 1
- Living area:4,000 sq. ft.
Structure and exterior
- Year built:1915
- Building area:4,000 sq. ft.
Finances and disclosures
- Price:$3,750,000
- Price per sq. ft.:$937.5
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