345 W Broadway
New York, NY 10013 SoHo

• Unit Size: 2,200 SF
• Condo Use: Retail
• Price: $3,995,000 USD
• Sale Type: Investment
• Price/SF: $1,815.91 USD

Sale Notes

Secure a rare SoHo retail investment with this ground-floor retail co-op unit at 345 West Broadway, Unit 101. Located within an 8-unit mixed-use building, this 2,200-square-foot retail space combines ownership stability with immediate income. The property sits along SoHo’s landmark cast-iron corridor, one of Manhattan’s most prestigious retail destinations, surrounded by luxury and independent brands that draw consistent local and tourist foot traffic.
Currently occupied by The Shade NYC SoHo under a long-term net lease through December 2035, this asset provides predictable cash flow with annual rental escalations. The lease structure places responsibility for utilities, insurance, and real estate tax increases above the 2026 base year on the tenant, reducing ownership costs. Scheduled rent increases include 4.44% in Year 2 and 3% annually through Year 10, culminating in an annual rent of $357,229. Current gross annual income is $270,000, delivering a net operating income of $190,095.
With an asking price of $3,995,000 and security supported by a $56,250 deposit and personal guarantors, this retail co-op opportunity offers an exceptional balance of long-term stability and income growth in a globally recognized shopping destination.