Retail Condominium - NoHo

Retail Condominium - NoHo

Retail Condominium - NoHo
New York, NY
Minimum Bid $5,600,000
Appraised at $8,100,000
October 14
Auction Date
25
days
18
hours
29
minutes
Bid Now

Property Highlights

Property Type
Retail (Condo)
Location
738 Broadway, NoHo, New York
between Waverly Pl and Astor Pl
Year Converted
2014
Zoning
M1-5B
Tax Class
2C (Favorable)
No. Stories
2 (Ground Floor and Lower Level)
Frontage
25 Feet
Unit Size
Ground Floor 1,927 SF
Lower Level 1,716 SF
Mezzanine 207 SF
Total = approx. 3,850 SF
Ceiling Heights
Ground Floor: 15 feet
Lower Level: 18 feet
Value
$8.1M Appraised Value (2019)
$12.2M Prior Sale Price (2014)
$5.6M Auction Minimum

How to Participate

  1. Download Brochure Click Here
  2. Review Due Diligence Click Here
    Click above to receive email access to the Due Diligence Information.
  3. Tour Property
    By appointment only on Thursday, August 19, Thursday, September 9, or Tuesday, September 14. Email [email protected] to RSVP.
  4. Submit Bid by Deadline: Thursday, October 14 at 4:00pm EST
    You must submit a written bid by the bid deadline. Instructions are included in the Due Diligence Information.

Appraised in 2019 for $8.1 million, and sold in 2014 for $12.2 million, the Minimum Bid for this property is just $5.6 million, providing a unique opportunity to purchase this property at auction.

 

This 3,850+/- sq. ft. retail condominium, which will be delivered vacant, is located on the east side of Broadway between Astor Place and Waverly Place and features outstanding visibility, tremendous foot traffic and strong demographics. Additionally, the entryway to the 8th St/NYU subway station is directly outside of the main entrance of the Property, further enhancing its accessibility and exposure. Due to nearby residents, tourists, office workers and NYU, the immediate and surrounding demographics are strong, with household wealth, disposable income levels and median home prices among the highest in Manhattan.

 

The Property and recent buildout are elegant, functional and contemporary, with a private glassed-in elevator, polished concrete floors, 15-foot ceiling heights on the 1st level and rare 18-foot ceilings in the lower level.

 
 

Broker Participation

Click below to download registration form Download