491 Broadway, 4

Soho   |   Broome Street & Spring Street

Co-op [Voice Intercom]
$ 2,995,000
Rooms 1
Bathrooms 1
Status Active
Maintenance [Monthly] $ 4,000
Financing Allowed 75%
Listing ID: 1929980

Property Description

Authentic Soho Commercial Cooperative space being offered for sale for the first time in 40 years. This 4,000SF full-floor loft is still being used by a well-known American artist and remains largely untouched. The floor has four massive windows facing east onto Broadway and is bathed in morning sunlight and another four oversized windows that face south onto Broome Street. There are 12-foot ceilings, original columns, and the loft is accessed by a passenger elevator, freight elevator, or the ornate original staircase.

491 Broadway is a beautiful 12 story, brick and limestone building, built in 1920. The first four floors are zoned commercial and the cooperative owns the first floor retail and second-floor office space. Floors 5-12 are zoned as Joint Live-Work Quarters (JLWQ).

Don't miss this tremendous value - asking just $750/PSF for prime Soho!

*Maintenance Abatement Offer – Sellers are offering $4,000/mo for 12 months towards monthly maintenance. Maintenance has been $2,000/mo for decades, but was recently increased (3/1/21) as the cooperative-owned commercial spaces recover from the Covid 19 pandemic. Current monthly maintenance is $8,000.
Authentic Soho Commercial Cooperative space being offered for sale for the first time in 40 years. This 4,000SF full-floor loft is still being used by a well-known American artist and remains largely untouched. The floor has four massive windows facing east onto Broadway and is bathed in morning sunlight and another four oversized windows that face south onto Broome Street. There are 12-foot ceilings, original columns, and the loft is accessed by a passenger elevator, freight elevator, or the ornate original staircase.

491 Broadway is a beautiful 12 story, brick and limestone building, built in 1920. The first four floors are zoned commercial and the cooperative owns the first floor retail and second-floor office space. Floors 5-12 are zoned as Joint Live-Work Quarters (JLWQ).

Don't miss this tremendous value - asking just $750/PSF for prime Soho!

*Maintenance Abatement Offer – Sellers are offering $4,000/mo for 12 months towards monthly maintenance. Maintenance has been $2,000/mo for decades, but was recently increased (3/1/21) as the cooperative-owned commercial spaces recover from the Covid 19 pandemic. Current monthly maintenance is $8,000.

Listing Courtesy of Compass

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Apartment Features

A/C
491 Broadway Soho New York NY 10012

Building Details [491 Broadway]

Ownership Co-op
Service Level Voice Intercom
Access Elevator
Pet Policy Pets Allowed
Block/Lot 484/26
Building Type Loft
Age Pre-War
Year Built 1920
Floors/Apts 12/13

Mortgage Calculator in [US Dollars]

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Loan Amount

Klara Madlin

License

Licensed Real Estate Broker


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All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.