424 Broadway Fl 3, New York, NY, 10013
About This Home
ICONIC SOHO FULL-FLOOR 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 • 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 • Two private bathrooms • Lease expiration: April 30, 2027 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 per year Real Estate Taxes $46,726 per year Insurance $1,250 per year 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%
Getting Around
Walker's Paradise
Rider's Paradise
Biker's ParadiseSchools
Construction
Condition
- Year built: 1915
Type & Style
- Home type: Condo
- Property subType: Condominium
Interior
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Interior Area
- Total structure area: 4,000
- Total interior livable area: 4,000 sqft
Property
Accessibility
- Accessibility features: Handicap Access
Details
- Special condition: Arm's Length
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in New York County and New York
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $18,962 | $227,544 |
| Home Insurance * | $641 | $7,692 |
| Property Taxes | $2,218 | $26,616 |
| Electricity | $661 | $7,932 |
| Total | $22,482 | $269,784 |
Income You'd Need if You Spent...
New York FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-21 | Listed for sale | $3,750,000 |
| 2014-02-15 | Listing removed | $4,150,000 |
| 2013-08-29 | Listed for sale | $4,150,000 |
| 2012-04-25 | Listing removed | $3,000,000 |
| 2011-10-16 | Listed for sale | $3,000,000 |
| 2011-08-04 | Listing removed | $3,000,000 |
| 2011-05-02 | Listed for sale | $3,000,000 |
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