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424 Broadway #3-F, 
Manhattan, NY 10013

$3,750,000

4

Beds

2

Baths

4,000

Sq Ft

Condo

Active

Listed by

Anny Yau

Bc Realty Group LLC.

Last updated:

September 20, 2026, 11:17 AM

MLS#

RLS20104692

Source:

NY REBNY

About This Home

424 Broadway #3-F

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.

Home Facts

Condo

2 Baths

4 Bedrooms

Built in 1915

Subdivision & Development:

Soho

Price Summary

3,750,000

$937 per Sq. Ft.

MLS #:

RLS20104692

Last Updated:

September 20, 2026, 11:17 AM

Added:

2 month(s) ago

Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

4,000 Sq. Ft.

Structure

Structure

Architectural Style:

Prewar

Building Area:

4,000 Sq. Ft.

Year Built:

1915

Finances & Disclosures

Finances

Price:

$3,750,000

Price per Sq. Ft:

$937 per Sq. Ft.

MLS Logo
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 The Real Estate Board of New York, Inc., All rights reserved. RLS Data display by Coldwell Banker Warburg This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.