For Sale

Listed by Anny Yau from BC Realty Group LLC

Source: Brooklyn Board of REALTORS® #503173

3/424 Broadway, New York, NY, 10013

$3,750,000

2
2
4000 sq. ft.

Condo

1 day on the market

What's around 3/424 Broadway

About this property

ICONIC SOHO FULL-FLOOR A rare opportunity to own an income-producing, full-floor commercial loft in the heart of Downtown Manhattan. 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. 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. Property Highlights • Approximately 4,000 square feet • Currently leased to an art gallery • 24/7 elevator access • Oversized windows and excellent natural light • Approximately 10- to 12-foot ceilings • Expansive, flexible open layout • Classic hardwood flooring • Two private bathrooms • Lease expiration: April 30, 2027 Current Annual Income $202,464 Projected Monthly Rent at $65/SF $21,666 Projected Annual Income at $65/SF $259,992 Annual Operating Expenses Expense Annual Amount Common Charges $22,000 per year Real Estate Taxes $46,726 per year Insurance $1,250 per year Total Annual Expenses $69,976 Investment Overview Current Net Operating Income: approximately $132,488 annually Projected Net Operating Income at $65/SF: approximately $190,016 annually Current Cap Rate at $3,750,000: approximately 3.53% Projected Cap Rate at $3,750,000: approximately 5.07%

Looking for more information on 3/424 Broadway?

Explore comparables, sales history and growth for this property.
Learn more

Similar properties for sale nearby

For Sale
$2,000,000
5B/22 Renwick Street
New York NY 10013
2
2
Condo
Listing courtesy of Elegran Real Estate and Development
For Sale
For Sale
$1,150,000
Broadway
New York NY 10013
2
1
Condo
Listing courtesy of BC Realty Group LLC

Other properties for sale by BC Realty Group LLC

For Sale
$1,350,000
35E/252 South Street
New York NY 10002
1
1
Condo
Listing courtesy of BC Realty Group LLC
For Sale
$725,000
13G/376 Broadway
New York NY 10013
1
Condo
Listing courtesy of BC Realty Group LLC
For Sale
$1,150,000
Broadway
New York NY 10013
2
1
Condo
Listing courtesy of BC Realty Group LLC

Browse properties sold in nearby areas

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Brooklyn Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2026 Brooklyn MLS. All Rights Reserved.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under MLS GRID IDX Rules Updated September 16, 2024 7 U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to: dmca@ratemyagent.com

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Email
© 2026 RateMyAgent