Retail Space
508 Broome St New York, NY 10013
Details & Description
Price: $650,000
    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
    508 Broome St New York, NY 10013 | for Sale | Photo 1
    Building Size: 18,000 SF
    Lot Size: --
    Land Size: --
    Building $/SF: $36.11
    Land $/SF:
    Price
    $650,000
    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.

    Common Questions and Answers

    What is the asking price for 508 Broome St in New York?
    The asking price for 508 Broome St is $650,000
    What is the building size of this Retail property in New York, NY?
    The size of the building/unit at 508 Broome St in New York is 18,000 square feet
    What kind of Retail is the propery at 508 Broome St?
    The property at 508 Broome St New York, NY 10013 is listed as a Other Retail Retail property
    What is the population within 1 mile of 508 Broome St in New York?
    The population within 1 mile of 508 Broome St New York, NY 10013 is 187,205 people.
    Who do I contact for questions about 508 Broome St?
    You should contact the listing agent, Robert Isaacs, for any details regarding this commercial listing.

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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