Retail Space - For Sale
508 Broome St New York, NY 10013
Details & Description
Price: $650,000
  • Property Type Retail for Sale : Other Retail
  • Lot Size Acres 0.000
  • Building Sq Ft 18,000
  • Building Price per Sq Ft $36.11
18,000 sf, Commercial BuildingA 5 story elevatored commercial loft building, and contains a total above grade square footage of approximately 18,000. The building currently has 2 retail stores on the ground floor. Floors two through five are being used commercially with one unit per floor. The building is zoned R8B with an FAR of 4.0 and is currently overbuilt meaning there are no available air rights. All floors, including the basement which is useable, have 11f ceilings and a freight elevator opening to the sidewalk. Actual/Projected Revenue: $650,000 (Appx.). Projected Net Operating Income: $510,000 (Appx.). Given that 5 floor can be delivered vacant the building poses an excellent opportunity for a user/investor.
Listing Agents
Robert Isaacs

O: 212-581-3003
robert@rimanhattan.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

508 Broome St

New York, NY 10013

Listing ID: 215601
$650,000
For Sale
  • Property Type Retail for Sale : Other Retail
  • Lot Size Acres 0.000
  • Building Sq Ft 18,000
  • Building Price per Sq Ft $36.11
508 Broome St New York, NY 10013 | for Sale | Photo 1
Description

18,000 sf, Commercial Building

A 5 story elevatored commercial loft building, and contains a total above grade square footage of approximately 18,000. The building currently has 2 retail stores on the ground floor. Floors two through five are being used commercially with one unit per floor. The building is zoned R8B with an FAR of 4.0 and is currently overbuilt meaning there are no available air rights. All floors, including the basement which is useable, have 11f ceilings and a freight elevator opening to the sidewalk. Actual/Projected Revenue: $650,000 (Appx.). Projected Net Operating Income: $510,000 (Appx.). Given that 5 floor can be delivered vacant the building poses an excellent opportunity for a user/investor.

Points of Interest & Demographic Radii
Points of Interest
Demographic Radii
POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
 
New York History of Retail Space for Sale

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New York Area Market Trends

Listing Demographics for 508 Broome St New York, NY 10013

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population187,2051,044,1382,447,060
Population Median Age413838
Population by Age0-9 Yrs13530 (7%)99318 (9%)259007 (10%)
10-19 Yrs13968 (7%)71034 (6%)193385 (7%)
20-29 Yrs37292 (19%)216223 (20%)450985 (18%)
30-39 Yrs37278 (19%)246936 (23%)521054 (21%)
40-49 Yrs23448 (12%)134726 (12%)321135 (13%)
50-59 Yrs20029 (10%)102975 (9%)261051 (10%)
60-69 Yrs20132 (10%)88640 (8%)219684 (8%)
70+ Yrs21529 (11%)84286 (8%)220757 (9%)
Median HH Income$102,691$112,662$95,293
Total Household Income< 24K16309 (18%)83973 (16%)198780 (17%)
25-49K11096 (12%)53459 (10%)141388 (12%)
50-74K8912 (9%)46786 (9%)124142 (11%)
75-99K7713 (8%)44972 (8%)108465 (9%)
100-199K20835 (23%)131817 (26%)278396 (25%)
200K+24887 (27%)139935 (27%)253550 (22%)
Highest Education LevelNo Diploma2091474383201917
Diploma or GED1340082269266127
Some College997863800174168
Assoc. Degree40452284769431
Bachelors Degree54613307720614079
Higher Degree42931251987516807
Total Housing Units104,428570,8441,262,545
--Owner-Occupied22,141125,939296,523
--Renter-Occupied67,610375,003808,199
Owner-Occupied Values< 100K72940668360
100-199K32431558458
200-299K346371714293
300-399K510611319389
400-499K1018796919711
500K+19214100920226311
Total Working Age Population168,122907,0112,073,423
In Work Force112,258659,0761,466,775
Not In Work Force55,864247,935606,648
Workforce Employed107,206632,2401,398,729
Workforce Unemployed5,03126,64167,503
Civlian Workforce112,236658,8811,466,232
Military Workforce22195543
Total Households89,751500,9421,104,722
Family Households34,737206,598516,897
Non-Family Households55,014294,344587,825
Married Couple26,972159,631368,277
Other Family7,76646,967148,620
Married w/Child9,13061,989148,636
Single Male w/Child8124,14412,892
Single Female w/Child1,65714,37047,295

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
New Jersey8,414,350+48,791,894+49,132,700+49,530,900
Bergen County884,118+2905,116+7967,500+71,031,500
Hudson County608,975+4634,266+12708,100+6747,400
New York18,976,457+219,378,102+420,146,131+220,604,030
Kings County2,465,326+22,504,700+92,738,283+52,863,996
New York County1,537,195+31,585,873+61,688,894+21,727,631
Queens County2,229,37902,230,722+92,436,549+52,565,268

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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Closest Commercial Airports
Airport Distance (mi)
La Guardia Airport (LGA) 8
Newark Liberty International Airport (EWR) 9
John F Kennedy International Airport (JFK) 13
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