424 Broadway #3-F, Manhattan, NY 10013
Local realty services provided by:CENTURY 21 Awaye Realty
424 Broadway #3-F,Manhattan, NY 10013
$3,750,000
- 4 Beds
- 2 Baths
- 4,000 sq. ft.
- Condominium
- Active
Listed by: anny yau
Office: bc realty group llc.
MLS#:RLS20104692
Source:NY_REBNY
Price summary
- Price:$3,750,000
- Price per sq. ft.:$937.5
About this home
ICONIC SOHO FULL-FLOOR ART GALLERY LOFT<br>FOR SALE — $3,750,000<br><br>A rare opportunity to own an income-producing, full-floor commercial loft in the heart of Downtown Manhattan.<br><br>Located near Broadway and Canal Street—where SoHo, Nolita, Tribeca, and Little Italy converge—this approximately 4,000-square-foot third-floor loft is currently occupied by an art gallery and offers an extraordinary combination of architectural character, natural light, flexible use, and investment potential.<br><br>Oversized windows illuminate the expansive open interior, while approximately 10- to 12-foot ceilings, classic hardwood floors, exposed architectural details, and 24/7 elevator access create an impressive setting for a gallery, showroom, creative headquarters, design studio, fashion company, professional office, or owner-user.<br><br>Property Highlights<br>Approximately 4,000 square feet<br>Full-floor commercial loft<br>Currently leased to an art gallery<br>24/7 elevator access<br>Oversized windows and excellent natural light<br>Approximately 10- to 12-foot ceilings<br>Expansive, flexible open layout<br>Classic hardwood flooring<br>Private pantry<br>Two private bathrooms<br>Lease expiration: April 30, 2027<br>Prime Downtown Manhattan location<br>Current Income<br>Income Summary Amount<br>Current Monthly Rent $16,872<br>Current Annual Income $202,464<br>Projected Monthly Rent at $65/SF $21,666<br>Projected Annual Income at $65/SF $259,992<br><br>Annual Operating Expenses<br>Expense Annual Amount<br>Common Charges $22,000<br>Real Estate Taxes $46,726<br>Insurance $1,250<br>Total Annual Expenses $69,976 <br><br>Investment Overview<br><br>Current Net Operating Income: approximately $132,488 annually<br>Projected Net Operating Income at $65/SF: approximately $190,016 annually<br>Current Cap Rate at $3,750,000: approximately 3.53%<br>Projected Cap Rate at $3,750,000: approximately 5.07%<br><br>The existing lease provides immediate income through April 2027, while the projected market rent offers meaningful future upside. This is an exceptional opportunity for an investor seeking a prime Downtown asset or an owner-user planning for future occupancy.<br><br>Unmatched Downtown Location<br><br>Surrounded by internationally recognized galleries, boutiques, restaurants, hotels, and creative businesses, the property benefits from substantial pedestrian traffic and immediate access to several of Manhattan’s most desirable neighborhoods.<br><br>Convenient access to the N, Q, R, W, 6, J, Z, A, C, and E subway lines at Canal Street.<br><br>Video Tour<br><br>https://youtu.be/eoly90GceJ8<br><br>OWN THE SPACE. OWN THE LOCATION. OWN A PIECE OF DOWNTOWN MANHATTAN....
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Home facts
- Year built:1915
- Listing ID #:RLS20104692
- Added:1 day(s) ago
- Updated:July 21, 2026 at 11:42 AM
Rooms and interior
- Bedrooms:4
- Total bathrooms:2
- Full bathrooms:2
- Rooms Total:7
- Living area:4,000 sq. ft.
Structure and exterior
- Year built:1915
- Building area:4,000 sq. ft.
- Architectural Style:Prewar
Finances and disclosures
- Price:$3,750,000
- Price per sq. ft.:$937.5
- Tax amount:$46,728
Features and amenities
- Appliances:Intercom
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. © 2026 The Real Estate Board of New York, Inc., All rights reserved. RLS Data display by Coldwell Banker Warburg This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available. NY_REBNY Member Broker: Arlene WayeNew listings near 424 Broadway #3-F
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