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Property Description
Welcome to 868 Broadway, an extraordinary opportunity for a BULK sale of three premium commercial office condos
Floor 2 – Leased out to Doc Martin who is currently paying $189,600 annually with 4 years left on lease plus 5 year option
Floor 3 – Vacant; With the option of increasing overall internal SF or renting to tenant perfect as an artist studio, gallery, showroom, office space
Floor 4 – Owner occupied; double height 20’ ceilings with outdoor space and the possibility to increase overall internal SF for investors looking to maximize return on investment.
Basement – Fully renovated and well kept basement floor for storage and mechanicals.
The 1st floor retail was sold a few years ago for $13.5M and is now occupied by the high end AAA tenant Doc Martin.
As you enter this iconic building, you are immediately captivated by the grandeur and timeless charm that define the heart of Manhattan. Situated in the vibrant neighborhood of Union Square/Flatiron, this exclusive offering promises unparalleled prestige and limitless potential for investors, as the 4th and 5th floor has additional internal buildable SF.
The first thing you’ll notice about 868 Broadway is the recent renovations and immaculately kept interiors from the elevator, common areas, stairs, and roof.
Spanning over three floors, these commercial office condos offer a combined total of 6,836 SF. Each floor presents a unique opportunity to curate a bespoke workspace tailored to the needs of modern businesses. With soaring ceilings, expansive windows flooding the space with natural light, and an open layout, the possibilities are endless. Whether you envision an innovative tech hub, a luxurious boutique showroom, or an elegant corporate headquarters, this property is a blank canvas waiting to be transformed into a visionary masterpiece.
Impeccable attention to detail is evident in every corner of these commercial office condos. From the pristine hardwood floors to the exquisite finishes, every element has been thoughtfully chosen to create an environment that seamlessly blends comfort and functionality. State-of-the-art amenities such as high-speed internet connectivity, modern HVAC systems, and private elevators ensure that the space caters to the demands of the most discerning clientele.
In addition to the extraordinary interiors, 868 Broadway boasts an unbeatable location. Union Square is renowned for its dynamic energy, attracting a diverse array of businesses, creative professionals, and upscale residents. With its proximity to renowned restaurants, boutique shops, and cultural landmarks, this area offers a vibrant ecosystem that fosters growth and collaboration.
Investing in 868 Broadway means embracing the heartbeat of New York City and becoming part of its illustrious legacy. This rare opportunity to acquire three commercial office condos in one of the most sought-after addresses in Manhattan is reserved for those who understand the true value of owning a piece of this iconic metropolis.
For the astute investor seeking a prime property that blends timeless elegance with endless potential, 868 Broadway is the ultimate choice. Contact us today to secure your place in the prestigious landscape of Union Square and join the elite ranks of visionaries who have shaped the future of New York City. The world is waiting for your masterpiece.
Welcome to 868 Broadway, an extraordinary opportunity for a BULK sale of three premium commercial office condos
Floor 2 – Leased out to Doc Martin who is currently paying $189,600 annually with 4 years left on lease plus 5 year option
Floor 3 – Vacant; With the option of increasing overall internal SF or renting to tenant perfect as an artist studio, gallery, showroom, office space
Floor 4 – Owner occupied; double height 20’ ceilings with outdoor space and the possibility to increase overall internal SF for investors looking to maximize return on investment.
Basement – Fully renovated and well kept basement floor for storage and mechanicals.
The 1st floor retail was sold a few years ago for $13.5M and is now occupied by the high end AAA tenant Doc Martin.
Overview
Property Type
Commercial
Location
868 Broadway , Unit: 4, New York, NY 10003
Listing Last Updated
4/11/2024 9:27 AM
Property Features & Amenities
Interior
Total Bedrooms
1
Full Bathrooms
3
Exterior
Details
Neighborhood
Flatiron & NoMad
Financial
Price
$5,900,000
Exclusive Listing Agents
Bernadette Brennan
Licensed Associate Real Estate Broker | Executive Director | SERHANT. Commercial NYC
(917) 482-5959 bernadette@serhant.com