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Property Detail

Broad Street
33 Broad Street is a prime commercial condo in Manhattan's Financial District, offering 3,755 square
$700,000

Description

  • 33 Broad Street is a prime commercial condo in Manhattan's Financial District, offering 3,755 square feet of ground-level and mezzanine space.
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  • Currently vacant, the retail space 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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  • Area is highly accessible, with the Rector Street, Wall Street, and Broad Street subway stations all within a four-minute walk.
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  • In a thriving Financial District retail submarket, with low vacancy rates and rising rents, underscores the long-term value of this investment.

Executive Summary

33 Broad Street, Unit COMM C, is a retail condominium offering approximately 3,755 square feet of premium ground-level and mezzanine 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. 33 Broad Street, Unit COMM C presents an excellent opportunity for owner-occupancy, or for an investor to capture the demand in one of Manhattan’s most dynamic submarkets. The property’s location in the Financial District 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 benefits from unparalleled accessibility, just a short walk from the Rector Street, Wall Street, and Broad Street subway stations, making it a walker’s paradise. 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, 33 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. This retail condo represents a rare chance to own a piece of Manhattan's history while capitalizing on its future growth potential.

Value-Add/Vacant Retail Space In FiDi

Listing ID : 00631

SKU: 631

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Price History

DateEventPrice
December 5 2024Listed$700,000.00