640 Broadway, New York, NY, 10012

640 Broadway

Asset Description

640 Broadway (the “Property”) is a 9-story, luxury boutique residential and retail Property located in the heart of NoHo. Block-through on Bleecker Street between Broadway and Crosby Street, the Property is nestled in one of the most coveted neighborhoods in Manhattan. 640 Broadway features 21 expansive loft-style residential units which average 1,750 SF, and 4,200 SF of prime retail with 221 total feet of frontage.

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Attributes

Number of units

Year built

1900

Building area net

3,806 m²

Media

Investment Highlights

Unique, fully renovated mixed-use asset with 21 loft-style residential units
221’ of prime retail frontage on Broadway, Bleecker, and Crosby; 100% leased by high quality tenants with 6 years of WALT
Secure residential cash flow – NoHo has enjoyed historically low residential vacancy rates and boutique elevator rental buildings are rare in the submarket
The Property has been exceptionally maintained by institutional ownership for the last 12 years. Current ownership has invested $18MM since 2012 for unit renovations and building upgrades
Located in one of Manhattan’s most coveted neighborhoods surrounded by trendy restaurants, bars, stores, and galleries