Multifamily
247 Broome Street
247 Broome St, New York, NY 10002
Listing Price: $7,300,000
Investment Overview
Marcus & Millichap is pleased to exclusively offer 247 Broome Street, a 6-story, mixed-use rental building situated on the south side of Broome Street, between Orchard Street and Ludlow Street, in the heart of Manhattan’s Lower East Side. The prewar property boasts approximately 8,704 square feet with 25’ of frontage. The asset is built 25’ X 76’ and sits on a 25’ x 87.5’ lot (Block: 408; Lot: 13). The property is zoned C4-4A.
247 Broome Street
Investment Highlights
- 247 Broome Street Consists of 21 Total Units, Including 20 Residential Apartments and 1 Ground-Floor Retail Space. 8 Free-Market Apartments, 12 Rent-Stabilized.
- Offered to the Market for Under $900/Sf , the Asset Benefits From a Strong Existing Stream of Both Residential and Retail Income, and Features The Renown Wine Bar Retail Tenant, The Ten Bells.
- Ideally Positioned in The Heart of The Lower East Side, 247 Broome Street is Surrounded by a Thriving Mix Of Restaurants, Nightlife, and Cultural Staples.
Listing Price: $7,300,000
Investment Highlights
- 247 Broome Street Consists of 21 Total Units, Including 20 Residential Apartments and 1 Ground-Floor Retail Space. 8 Free-Market Apartments, 12 Rent-Stabilized.
- Offered to the Market for Under $900/Sf , the Asset Benefits From a Strong Existing Stream of Both Residential and Retail Income, and Features The Renown Wine Bar Retail Tenant, The Ten Bells.
- Ideally Positioned in The Heart of The Lower East Side, 247 Broome Street is Surrounded by a Thriving Mix Of Restaurants, Nightlife, and Cultural Staples.
Investment Overview
Marcus & Millichap is pleased to exclusively offer 247 Broome Street, a 6-story, mixed-use rental building situated on the south side of Broome Street, between Orchard Street and Ludlow Street, in the heart of Manhattan’s Lower East Side. The prewar property boasts approximately 8,704 square feet with 25’ of frontage. The asset is built 25’ X 76’ and sits on a 25’ x 87.5’ lot (Block: 408; Lot: 13). The property is zoned C4-4A.
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