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424 Broadway 3FNew York, NY 10013

For Sale

$3,750,000

Smart Buyer Rebate $46,875

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.

Private Showings by Appointment only, contact BC Realty Group LLC, LIC, listing broker Anny.

Listed by Anny Yau

·

BC Realty Group LLC

·

(347) 921-2111

Last updated July 30, 2026

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Source: REBNY #RLS20104692

RLS Data display by Prevu Real Estate LLC

Listing Facts

  • TypeCondo
  • NeighborhoodSoHo
  • Bedrooms4
  • Bathrooms2
  • Days on Prevu11
  • HOA/Maint. Fees$1,833/month
  • Taxes$46,728/year
  • Size4,000 sqft
  • Price per sqft$938

Location

Mortgage Calculator

Listing History

07/20/2026
Listed by BC Realty Group LLC
$3,750,000

Estimated Closing Costs

Attorney Fees
$4,000
NYC Mansion Tax
$56,250
Title Insurance
$16,875
Bank Attorney
$1,500
Mortgage Recording Tax
$64,968
Other Closing Costs
$4,000
Total
$147,593

Estimated closing costs are based on the list price of $3,750,000 and a 10% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.

Property Details for 424 Broadway 3F

Association

Amenities

  • Pets Allowed: Building No, No

Fees

  • Association Fee: $1,833.00 Monthly

Financial

  • Flip Tax Remarks: ASK EXCL BROKER

Exterior

Construction

  • Stories Total: 6
  • Year Built: 1915
  • Architectural Style: Prewar
  • Entry Level: 3

Features

  • Building Features: Elevator(s)

Financial

Taxes

  • Tax Annual Amount: $46,728.00

Interior

Features

  • Interior Features: Pantry

Measurements

  • Living Area: 4,000
  • Living Area Units: SquareFeet

Rooms

  • Bathrooms Full: 2
  • Bathrooms Total Integer: 2
  • Bedrooms Total: 4
  • Rooms Total: 7

Other

Location

  • City Region: Manhattan
  • Subdivision Name: Soho
  • Tax Block: 0209
  • Tax Lot: 7501

Utilities

Equipment

  • Laundry Features: See Remarks
  • Other Equipment: Intercom

Frequently Asked Questions

How many bedrooms and bathrooms does this condo have?

There are 4 bedrooms and 2 bathrooms in this condo at 424 Broadway 3F.

What are the annual taxes for 424 Broadway 3F?

Annual taxes for this condo are estimated at $46,728.

How does 424 Broadway 3F compare to other condos in SoHo?

This condo is listed 48% below the average price for condos in SoHo and has been on the market for 116 less days than the typical home in this area.

What is the square footage on this condo?

According to the MLS, this listing is 4,000 sqft.

424 Broadway 3F is a 4-bedroom, 2-bath condo for sale in New York NY 10013. Available on Prevu for 11 days at $3,750,000. This residence features 4,000 square feet of living space, located in SoHo. The median listing price for condos in this area is $4,000,000. View other condo listings in Manhattan.

RLS Data display by Prevu Real Estate LLC The Registrant acknowledges each other RLS Broker's ownership of, and the validity of their respective copyright in, the Exclusive Listings that are transmitted over the RLS. The information is being provided by RLS at REBNY Listing Service, Inc. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. 2026 RLS at REBNY Listing Service, Inc. All rights reserved. Based on information from the Real Estate Board of New York and/or other sources. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity. 2026 The Real Estate Board of New York, Inc., All rights reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.