Objectomschrijving
Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis to arrange for sale the 100% fee simple interest in 78 Crosby Street a.k.a. 540 Broadway (“the Property”), an incredible 5-story, mixed-use commercial building located in the heart of prime SoHo. The ~5,000 SF block-through lot is located between Spring and Prince Streets, featuring 25’ of frontage along both Crosby Street and Broadway.
78 Crosby Street features four (4) 6,350 RSF, fully built and furnished, full floor office suites that are move-in ready. Each floor will be delivered completely vacant, allowing an investor or user to immediately lease and/or occupy the space. Situated at the base of the building is an 8,000 SF retail component that that is spread across the ground floor, mezzanine, and lower level. Schutz, a luxury women’s shoe brand, recently signed a new 10-year lease that runs until November of 2033.
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BLOCK-THROUGH LOT
The mid-block lot measures 25’ x 200’ and maintains dual frontage along Crosby Street and Broadway. This allows for multiple entrances for both the retail and office tenants, providing flexibility and privacy.
RARE LIGHT & AIR
The offices located on floors 2 through 4 contain windows on
the north and south walls, providing extremely rare light & air
for a mid-block building. Furthermore, the 5th floor contains
three (3) skylights which bring extra light to the space.
VACANT DELIVERY
Each office floor will be delivered vacant and in move-in condition, allowing for either an investor to begin leasing the space or a user to immediately occupy the space.
IN-PLACE RETAIL TENANT
The newly signed 10-year retail lease provides a stable stream of income for prospective investors while they look to lease the vacant office space.
PRIME SOHO LOCATION
The Property is ideally situated in the heart of SoHo, positioning it to capitalize on the neighborhood’s various demand drivers.
EXCELLENT ACCESSIBILITY
78 Crosby is located just steps away from numerous subway
stations, which service the 6, N, Q, R, W, J, Z, A, C, and E trains.
Accessibility to these lines allows for connection to all parts
of Manhattan and the outer boroughs.
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