Multi-family

Prime Multi-Family Investment Opportunity – 385 Broome Street

Address: 385 Broome Street, New York, NY, 10013
Asking Price: $13,250,000 ($2,650,000/Unit)
Sale Type: Investment
Property Type: 3-Star Low-Rise Apartment Building
Location: Central Business District (CBD)
Number of Units: 5
Stories: 5
Class: B
Gross Building Area (GBA): 13,000 SF
Typical Floor Size: 2,600 SF
Number of Buildings: 1
Units per Acre: 78/AC
Market Segment: All
Rent Type: Market

Property Overview:

Located in the heart of SoHo/Little Italy, 385 Broome Street presents a rare multi-family investment opportunity in one of Manhattan’s most sought-after neighborhoods. This 5-unit luxury low-rise building offers market-rate rental income potential, strong tenant demand, and long-term appreciation. With spacious floor plans, modern interiors, and prime positioning in a high-foot-traffic area, this property is ideal for investors seeking a high-yield, stable asset in a prime Manhattan location.

Key Features:

Premier SoHo/Little Italy Location:

• Situated on Broome Street, near Mulberry Street and Lafayette Street, in a highly desirable neighborhood.
• Steps from world-renowned shopping, fine dining, art galleries, and luxury residential developments.
• Consistent rental demand from affluent professionals, entrepreneurs, and international tenants.

Strong Investment Potential:

• 5 oversized residential units offering luxury market-rate rental income.
• High ceilings, modern renovations, and boutique-style apartments designed for high-end tenants.
• SoHo’s continued demand for premium rental units ensures stable income and long-term appreciation.

Boutique & Spacious Building Layout:

• 13,000 SF total building area, with 2,600 SF per floor.
• Five full-floor luxury residences, providing expansive layouts and an exclusive living experience.
• Class B building with well-maintained interiors and modern upgrades.

Excellent Transit & Accessibility:

• Steps from major subway lines (N, Q, R, W, 4, 6, B, D, F, M), ensuring easy access to Midtown, Downtown, and Brooklyn.
• Walkable to SoHo, NoLIta, Lower East Side, and Chinatown, creating a high-demand rental market.

Highlights:

✔ $13,250,000 investment opportunity in SoHo/Little Italy
✔ Five oversized luxury residential units with market-rate rental potential
✔ 13,000 SF boutique low-rise apartment building in a prime rental market
✔ High-end finishes, modern layouts, and premium tenant appeal
✔ Surrounded by luxury retail, fine dining, and cultural attractions
✔ Convenient transit access, steps from multiple subway lines

Conclusion:

385 Broome Street presents an exceptional multi-family investment opportunity in SoHo/Little Italy, offering strong rental income potential, high tenant demand, and long-term appreciation. With spacious full-floor residences, modern interiors, and a prime location, this property is ideal for investors looking to secure a luxury asset in one of NYC’s most prestigious neighborhoods.

Contact us today to schedule a private tour and secure this premier investment property!