424 Broadway #3-F
MLS® #RLS20104692
Listing by BC Realty Group LLC
- 4
- Bedrooms
- 2
- Baths
- 4,000
- Sq. Ft.
- 1915
- Year Built
Quick Summary
Property Highlights
- Exposure: East,North,South facing
- Style: Prewar architecture
- Character: Pre-war building (1915)
Property Details
Listing History
| Event | Date | Price | Change |
|---|---|---|---|
| Listed | Jul 20, 2026 | $3,750,000 | - |
| Currently | Jul 21, 2026 | $3,750,000 | - |
Description
ICONIC SOHO FULL-FLOOR ART GALLERY LOFT FOR SALE — $3,750,000 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 Full-floor commercial loft 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 Private pantry Two private bathrooms Lease expiration: April 30, 2027 Prime Downtown Manhattan location Current Income Income Summary Amount Current Monthly Rent $16,872 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 Real Estate Taxes $46,726 Insurance $1,250 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% The existing lease provides immediate income through April 2027, while the projected market rent offers meaningful future upside. This is an exceptional opportunity for an investor seeking a prime Downtown asset or an owner-user planning for future occupancy. Unmatched Downtown Location Surrounded by internationally recognized galleries, boutiques, restaurants, hotels, and creative businesses, the property benefits from substantial pedestrian traffic and immediate access to several of Manhattan’s most desirable neighborhoods. Convenient access to the N, Q, R, W, 6, J, Z, A, C, and E subway lines at Canal Street. Video Tour https://youtu.be/eoly90GceJ8 OWN THE SPACE. OWN THE LOCATION. OWN A PIECE OF DOWNTOWN MANHATTAN.
Features & Amenities
Interior Features
Building Amenities
Building Information
Financial Details
About Soho
View All Soho ListingsSoHo contains the world's largest concentration of cast-iron architecture, with approximately 250 landmarked buildings within the SoHo-Cast Iron Historic District. The housing stock centers on spacious loft conversions with high ceilings and oversized windows, alongside luxury condominiums and pre-war walk-ups, served by the C, E, N, Q, R, W, 1, 4, and 6 trains. The cobblestone streets and commercial corridors along Broadway, West Broadway, and Prince Street define one of Manhattan's most architecturally distinctive neighborhoods.
Soho Live Market Data
View NeighborhoodActive Listings
9
Median Asking Price
$4.50M
Median $/Sqft
$2,398
Avg Days on Market
N/A
New This Week
2
Price Reduced
22%
Sold (30 Days)
0
Median Sale Price
$3.63M
Live data from RLS at REBNY • Updated 7/21/26, 6:33 AM EST
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Location
424 Broadway #3-F, Soho, New York County • Near Howard Street/Canal Street
Virtual Tour
Building Information
Official NYC property records for this building
Tax & Assessment
Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.
Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)
Want help estimating ownership costs or understanding building compliance? Let's discuss
Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Building Data
NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning. Updated quarterly.
Market Data
RLS® at REBNY (Real Estate Board of New York). Live data updated in real-time.
Map & Location
OpenStreetMap contributors via Leaflet. Geocoding via Nominatim.
All data is provided for informational purposes only and should be independently verified. See our Data Sources Policy for more information.
Frequently Asked Questions
Common questions about this property
The current listed common charges are $1,833 per month. Confirm the exact amount with the listing broker before making an offer.
The current listed annual property tax is $46,728, or roughly $3,894 per month. Verify the current assessment with your attorney before closing.
This property has 4 bedrooms and 2 full bathrooms.
The listed interior living area is 4,000 square feet. Verify dimensions independently during due diligence.
According to MLS records, the building was constructed in 1915, making it approximately 111 years old.
This listing is a condominium. Buyers receive a deed to their individual unit and own their space outright, subject to condo association rules.
Pet policy requires confirmation with the listing broker.
At the current list price of $3,750,000 for 4,000 sq ft, the asking price per square foot is approximately $938. This figure is for reference only and may differ from appraised or assessed values.
To schedule a private showing, contact Milton Coste at (917) 416-7433 or milton@miltoncoste.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.
Have a question not answered here?
(917) 416-7433Listing Courtesy of BC Realty Group LLC - Anny Yau
Listing Contact: (347) 921-2111
Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.
Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.
RLS Data display by Keller Williams NYC. Data last updated on 7/21/2026 at 10:33 AM UTC
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Quick Facts
Monthly Costs Estimate
$750,000
Source: Freddie Mac PMMS
Est. Monthly Payment
$0
Estimates only. Consult a lender for exact figures.
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