Office
623 Broadway
623 Broadway, New York, NY 10012
Listing Price: Request For Offer
Investment Overview
The Anton Group of Marcus & Millichap, as the exclusive agent to ownership, is pleased to offer for sale 623 Broadway, New York, NY 10012 (the "Property"). Situated in the heart of NoHo, one of Manhattan's most architecturally protected and consistently in demand neighborhoods, the Property sits on the west side of Broadway between West Houston and Bleecker Streets, with a second point of access at 190 Mercer Street. The Property sits directly on the border of SoHo, placing it within immediate reach of the retail corridor's global luxury and flagship tenancy, while benefiting from NoHo's landmark protections that permanently limit new competitive supply. The Property is just steps from NYU's John A. Paulson Center at 181 Mercer Street, a $1.2 billion, 735,000 square foot academic complex comprising classrooms, performing arts facilities, athletics, and student and faculty housing, one of the largest private capital investments in the history of the neighborhood and a permanent driver of daytime and residential foot traffic to the immediate area. The Property is one block from the boutiques and galleries of Bond Street and Great Jones Street, and lies within a two minute walk of the Broadway Lafayette Street/Bleecker Street subway station (B, D, F, M, 6), placing it among the best connected addresses in Lower Manhattan.
Currently 100% leased, the Property features five stories plus a full basement totaling 45,440 rentable square feet across two tenants. The ground floor and lower level are anchored by JPMorgan Chase Bank, N.A., which has continuously operated a branch at the Property since 1989. The basement through fifth floor, comprising 39,440 square feet, is occupied by Greenwich House, Inc., a New York institution founded in 1902 that has served the surrounding community for over 120 years through its social services, healthcare, and arts programming.
623 Broadway
Investment Highlights
- 100% Leased to Long-Tenured Tenants – Fully occupied by JPMorgan Chase and Greenwich House, with Chase operating at the Property continuously since 1989.
- Built-In 3% Annual Rent Growth – 100% of the rent roll features fixed 3% escalations, driving projected NOI from $2.39M in 2027 to $3.20M by 2036.
- Irreplaceable SoHo / NoHo Location – Prime Broadway location on the SoHo border, directly across from NYU's $1.2B Paulson Center and steps from major subway lines.
- Significant Mark-to-Market Upside – Greenwich House pays just $55.14/SF versus a $75/SF submarket asking rent, providing meaningful long-term upside.
- Rare Through-Block Broadway Asset – Full through-block property with frontage on Broadway and Mercer Street, including dedicated freight access from Mercer Street.
Exclusively Listed By
Listing Price: Request For Offer
Investment Highlights
- 100% Leased to Long-Tenured Tenants – Fully occupied by JPMorgan Chase and Greenwich House, with Chase operating at the Property continuously since 1989.
- Built-In 3% Annual Rent Growth – 100% of the rent roll features fixed 3% escalations, driving projected NOI from $2.39M in 2027 to $3.20M by 2036.
- Irreplaceable SoHo / NoHo Location – Prime Broadway location on the SoHo border, directly across from NYU's $1.2B Paulson Center and steps from major subway lines.
- Significant Mark-to-Market Upside – Greenwich House pays just $55.14/SF versus a $75/SF submarket asking rent, providing meaningful long-term upside.
- Rare Through-Block Broadway Asset – Full through-block property with frontage on Broadway and Mercer Street, including dedicated freight access from Mercer Street.
Investment Overview
The Anton Group of Marcus & Millichap, as the exclusive agent to ownership, is pleased to offer for sale 623 Broadway, New York, NY 10012 (the "Property"). Situated in the heart of NoHo, one of Manhattan's most architecturally protected and consistently in demand neighborhoods, the Property sits on the west side of Broadway between West Houston and Bleecker Streets, with a second point of access at 190 Mercer Street. The Property sits directly on the border of SoHo, placing it within immediate reach of the retail corridor's global luxury and flagship tenancy, while benefiting from NoHo's landmark protections that permanently limit new competitive supply. The Property is just steps from NYU's John A. Paulson Center at 181 Mercer Street, a $1.2 billion, 735,000 square foot academic complex comprising classrooms, performing arts facilities, athletics, and student and faculty housing, one of the largest private capital investments in the history of the neighborhood and a permanent driver of daytime and residential foot traffic to the immediate area. The Property is one block from the boutiques and galleries of Bond Street and Great Jones Street, and lies within a two minute walk of the Broadway Lafayette Street/Bleecker Street subway station (B, D, F, M, 6), placing it among the best connected addresses in Lower Manhattan. Currently 100% leased, the Property features five stories plus a full basement totaling 45,440 rentable square feet across two tenants. The ground floor and lower level are anchored by JPMorgan Chase Bank, N.A., which has continuously operated a branch at the Property since 1989. The basement through fifth floor, comprising 39,440 square feet, is occupied by Greenwich House, Inc., a New York institution founded in 1902 that has served the surrounding community for over 120 years through its social services, healthcare, and arts programming.
Exclusively Listed By
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