New York, NY 10012
- Sq. Ft: 13,396
- PRICE PER SQ. FT: $1,489
- Apartments: 5
- Office: 1
- Commercial Condo: 1
Marcus & Millichap is the exclusive sales broker for 414-416 West Broadway, a four-story mixed-use elevator building in the heart of SoHo in downtown Manhattan. The offering is comprised of two condominiums totaling approximately 13,390 gross square feet: condo #1 is ﬁve apartments and one ofﬁce; and condo #2 is one commercial condo (the second commercial condo was previously sold).
414-416 West Broadway will provide new ownership with a stable, core investment in one of New York City’s most coveted and supply-constrained neighborhoods. The property is located in one of the most prominent shopping areas in the Soho neighborhood, surrounded by some of fashion’s biggest names, including Yves Saint Laurent, Nike, Gucci, CHANEL, Versace, and Louis Vuitton. The property’s proximity to the C, E, R, W, and 6 subway lines allow for easy access to all parts of New York City.
414-416 West Broadway has undergone signiﬁcant upgrades over the past few years. Upgrades include complete apartment renovations, electrical modernization, elevator installation, and a new HVAC system. The four apartments on the top two ﬂoors have been immaculately renovated. The unrenovated second ﬂoor ofﬁce and apartment are owner-occupied and are the subject property’s short-term upside opportunity. There are approved plans for the renovation of apartment 2N, and the ofﬁce unit could be renovated for commercial or residential use. The ground ﬂoor commercial condo is occupied by Makeda, a high-end fragrance store featuring a small coffee and tea bar.