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Property Detail

Broad Street
25 Broad Street is a prime corner commercial condo in Manhattan's Financial District .
$2,250,000

Description

  • 25 Broad Street is a prime corner commercial condo in Manhattan's Financial District, offering 14,816 SF of second generation restaurant space.
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  • Currently vacant, Unit COMM A presents an opportunity for owner/user, or for an investor to capture the high Manhattan retail market demand.
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  • Area boasts a dense population of over 400,000, a median income of nearly $120,000, and annual consumer spending of $6.5 billion.
  • Near luxury retailers like Hermes, Tiffany & Co., and Cipriani, with easy access to major attractions such as One World Trade Center and more.
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  • Unit is highly accessible, with the Rector Street, Wall Street, and Broad Street subway stations all within a four-minute walk.
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  • Second generation restaurant space with full venting in place (formerly Bobby Vans Steakhouse)

Executive Summary

25 Broad Street, Unit COMM A, is a commercial condo unit offering approximately 14,816 square feet of premium ground-level and lower-level second generation restaurant space in the heart of Manhattan’s Financial District. Situated within the prestigious Broad Exchange building at 25 Broad Street, a Class A, 21-story multifamily property, this retail unit is currently vacant with little upfront work needed. The ground floor is a former high-end restaurant with 4,325 square feet of dining area with an additional 1,000-square-foot commercial kitchen, and a 6,500-square-foot lower level that can be leased separately. Both levels offer 15-foot ceiling heights, finished dining and lower-level event space, and separate entrances directly on Broad Street. 25 Broad Street Unit COMM A presents a rare opportunity to add value to two prime commercial spaces and capture the demand in one of Manhattan’s most dynamic submarkets. The Broad Exchange is located in the Financial District (FiDi) and offers exceptional infrastructure and proximity to key amenities and transport hubs. High-end retailers like Hermes, Tiffany & Co., and Cipriani are just steps away. The area boasts numerous demand drivers, including One World Trade Center, The National 9/11 Memorial and Museum, Battery Park, and the vibrant Stone Street. The retail unit, just a short walk from the Rector Street, Wall Street, and Broad Street subway stations, benefits from unparalleled accessibility. The Financial District is a bustling area with luxury high-rise residences, trendy restaurants, and popular waterfront parks like the Battery and South Street Seaport. The local population exceeds 400,000 within a 2-mile radius, with a median income nearing $120,000 and an annual consumer spending of $6.5 billion. With a retail vacancy rate of just 0.7%—a significant 3.1% decrease from the previous year—the Financial District retail submarket is thriving. Over the past three years, rents have increased by 2.1%, with a broader market increase of 4.5% in New York. Positioned in one of the oldest and most historic areas of New York City, 25 Broad Street offers a unique opportunity to invest in a vibrant neighborhood that seamlessly blends classic architecture, modern skyscrapers, and iconic landmarks like Wall Street and the Canyon of Heroes. 25 Broad Street, Unit COMM A represents a rare chance to own a piece of Manhattan's history while capitalizing on its future growth potential.

Restaurant Space in Prime FiDi

Listing ID : 00636

SKU: 636

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Price History

DateEventPrice
December 5 2024Listed$2,250,000.00