Description
The Forray Team at The Corcoran Group is pleased to present 358-360 Broome St. A remarkable well-maintained prewar mixed-use building in heart of vibrant Nolita. Phenomenal location in a bustling retail corridor, the property features two (2) commercial retail tenants with current uses as convenience store & e-bike along with thirty-four (34) rent-stabilized residential units above. Twenty-five (25) of those units have been updated.
This exclusive listing presents a coveted offering of an existing mixed-use brick/masonry property (C7 Building Class) built on a colossal 49.08 X 85.67ft lot providing incredible frontage. The existing six (6) story building boast approx. gross total building square footage of 23,198SF. Within C6-2G zoning in Little Italy special district, an additional +/- 8,260SF can be expanded upon the property, offering a maximum usable FAR of 28,144!
This landmarked building is perfect for new ownership/investor looking for an exceptional investment and significant value to their existing portfolio. The retail rents are under-market and underutilized and with ownership delivering six (6) vacant units, there is plenty of potential to maximize upside.
358-360 Broome St offers easy access
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Property Details
- Other
Amenities
- Cooling: Other
- Pets: Building Yes, No
- Private Outdoor Space Under60 Sqft
- Smoke Free
- View: Other
