Sunday July 14, 2024

Broadway Condo Office for Sale

Midtown South

LISTING DETAILS FOR Broadway Condo Office for Sale

Unit Size 10996 SQ. FT
Type Sale
Price CALL FOR PRICING

DESCRIPTION

Broadway Condo Office for Sale

Discover a rare opportunity at 599 Broadway, where the Soho International Arts Building offers the entire 7th floor for sale, spanning an impressive 11,000 RSF. This sought-after space comes with an asking price of $9,850,000, equating to $895 per RSF. For annual expenses, you can expect $68,854 in common charges and $103,453 in real estate taxes, making it an investment with clear cost transparency.

What sets this property apart is the revenue generated from the Houston Street billboard, effectively offsetting most of the annual common charges. Upon entering, you’ll find a uniformed lobby attendant welcoming you to the building, ensuring a professional and secure atmosphere. Access is a breeze with 2 passenger elevators and 2 freight elevators available.

This space enjoys a flood of natural light on three sides, thanks to its prime location with expansive windows offering breathtaking views of Broadway, Houston, and Mercer Street. Inside, you’ll discover a column-free layout with high ceilings, providing you with a canvas for creative customization. The internal layout includes three private offices, two conference rooms, space for approximately 70 workstations, an open-style pantry, collaboration areas, exposed ceilings, and even storage and an IT room.

Commuting is convenient with easy access to an array of subway lines, including B, D, F, M, N, Q, R, W, 4, 5, 6, A, C, E. This property is the perfect choice for businesses seeking an exceptional office space in the heart of SoHo. Don’t miss this opportunity to own prime real estate with a unique revenue stream. Contact us today to explore this exceptional offering and elevate your business presence in SoHo.

Space Features:

  • Pre-existing Creative Loft
  • Recently Upgraded Full Floor
  • Immediate Possession
  • 3 Private Offices + Executive Office with Bath
  • 2 Conference Rooms
  • Space for 70+ Workstations
  • Open Style Pantry
  • Collaborative Areas
  • Exposed Ceiling
  • Concrete Flooring
  • Tenant-Controlled HVAC
  • Abundant Light and Air
  • Storage and IT Room
  • Office Condo: 11,200 SF
  • Estimated Capacity: 75 People
  • Broadway Condo Office for Sale

Nearby Transportation

  • B, D, F, M Trains: Located 0.05 miles away at Broadway-Lafayette Street
  • R, W Trains: Located 0.07 miles away at Prince Street
  • 6 Train: Located 0.13 miles away at Bleecker Street
  • C, E Train : Located 0.34 miles away at Spring Street
  • J, Z Trains: Located 0.38 miles away at Bowery
  • F Train: Located 0.39 miles away at 2 Avenue
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The historic 599 Broadway office building, situated in the vibrant landscape of Midtown South, boasts a rich legacy dating back to its original construction in 1917, with subsequent renovations in the 1980s. Distinguished as the Soho International Arts Center, this prime property resides gracefully between Prince Street and Houston Street, embracing the bustling atmosphere of a prominent pedestrian thoroughfare adorned with an array of retail boutiques and dining establishments. It magnetizes creative office tenants from diverse sectors, including media, publishing, fashion, and coworking, enticed by the allure of this iconic location.

With a footprint spanning 120,000 square feet across 12 stories, the Soho International Arts Center offers Class B Soho office space, meticulously designed for modern workspace requirements. The property, under the ownership and management of ABC Realty, also incorporates over 30,000 square feet of retail space, adding vibrancy to its surroundings. Inside, the offices feature column-free layouts, generously high ceilings, and expansive windows that frame captivating vistas of the Soho submarket. The experience is further elevated by an attentive lobby, an abundance of natural illumination, and panoramic cityscape views on all sides. Accessibility is seamless, thanks to proximity to public transportation hubs.

Commuting to and from 599 Broadway is effortless, with an array of public transportation options nearby. The building enjoys convenient access to subway stations servicing lines 4, 5, 6, B, D, Q, N, and R, including Broadway-Lafayette Street, Prince Street, Bleecker Street, Spring Street, and Lower East Side-Second Avenue. Adding to its appeal, the Soho International Arts Center finds itself surrounded by a plethora of shopping and dining destinations, enriching the overall experience for its occupants.

This prime address at the heart of Soho beckons creative office tenants seeking quality workspace in a coveted locale. Distinguished tenants include industry leaders such as WeWork, Wella, G-Star, True Religion, TH Productions, Urban Necessities, ROOM, and American Eagle Outfitters. While office rents in Midtown South are renowned for their premium rates, Class B properties in this area offer a compelling blend of affordability and contemporary amenities. Typically commencing around $75 per square foot, rental terms may vary, making it a versatile choice for discerning tenants in search of excellence in workspace.

Companies found here Past and Present

  • APL (Lease Year: 2021)
  • Words and Pictures Creative Services (Lease Year: 2021)
  • Neuro Leadership Institute (Lease Year: 2019 – Renewal)
  • Wella (Lease Year: 2014 – New Lease)
  • American Eagle Outfitters (Lease Year: 2010 – Present)

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