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435 Broome St - SoHo - Nolita, New York

Property Details:
  • 435 Broome St - SoHo - Nolita, New York
  • Price: $22,500,000
  • Neighborhood: SoHo - Nolita
  • Rental
  • Loft
  • Approximate Sq. Feet: 10,769
  • Listing ID: 3435947
Building Details:

435 Broome St - SoHo - Nolita, New York

This SoHo historic Cast Iron building offers a variety of opportunities for repositioning: retail, office, or residential mixed-use. Custom built in 1873 by the great Gothic revival architect William Appleton Potter this sale offers a multi-functional property perfect for a corporate flagship headquarters or a discerning developer looking for a redevelopment project.

The structure consists of 5 tall loft stories impeccably maintained and artfully framed by gothic cast iron columnettes and capitals. The ground retail floor boasts booming 15' ceilings, a deep floorplate and an as-of-right option to combine two windowed sub-levels for a combination of 6,000+ SF of prime retail.

The building will be delivered vacant. The redevelopment potential is adaptable to both residential and commercial use.

OTHER FEATURES INCLUDE:
* Additional air-rights to develop a 6th floor penthouse
* Upgraded mechanicals
* New electric with 600 Amp
* 2 water risers
* 2 upgraded waste lines
* Full sprinkler system with new heads and plumbing
* Existing original windows on west side of building from floors 2 thru 5.
* Recently renovated loft apartment
* Original elevator servicing each full floor loft from sub-basement to 5th floor.

ADDRESS: 435 Broome Street, New York, NY
LOCATION: South side, between Broadway and Crosby Street
BLOCK AND LOT: 473-15
ZONING: M1-5B
LANDMARK STATUS: Landmark - SoHo-Cast Iron Historical District
YEAR BUILT: 1873
LOT DIMENSIONS: 24.92 ft x 101.08 ft
LOT SIZE: 2,517 SF
TOTAL EXISTING BUILDING ZONING FLOOR AREA: 10,769 SF
Ground Floor: 2,326 SF l Floor 2nd to 5th: 2,111 SF l Basement: 2,778 SF
Sub-Basement: 2,770 SF l Total Floor: 16,889 l Additional Floor Area: 1,816 SF
CEILING HEIGHT: Store: 15' l 2nd: 14' l 3rd: 13' l 4th: 11' 9 (was 12' but has new subfloor)5th: Slopes 14' to 10' l Basement: 10.1' l Sub. 8.8'
CURRENT ANNUAL OPERATING EXPENSES: $18,200
2018/2019 REAL ESTATE TAXES: $153,038


This listing courtesy of Douglas Elliman

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575 MADISON AVENUE, NEW YORK, NY 10022. 212. 891.7000 © 2018 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY. DRE # 01947727