Multi-family

Stabilized Multifamily Asset in Hudson Square – 558 Broome Street

Address: 558 Broome Street, New York, NY, 10013
Asking Price: $18,000,000 ($750,000/unit)
Sale Type: Investment Sale
Type: 2-Star Mid-Rise Apartments
Location: CBD – Hudson Square / West SoHo
Units: 24
Average Unit Size: 750 SF
Stories: 6
Building Class: C
Gross Building Area (GBA): 14,737 SF
Typical Floor Plate: 2,456 SF
Number of Buildings: 1
Units per Acre: 335/AC
Market Segment: Senior Housing, Workforce, Affordable/Market Mixed
Rent Type: Market / Affordable
Affordable Type: Rent Stabilized (select units)

Property Overview:

558 Broome Street presents a rare opportunity to acquire a stabilized, income-producing multifamily property in the heart of Hudson Square—Manhattan’s tech and media corridor. This six-story walk-up building includes 24 residential units, with a mix of market-rate and rent-stabilized apartments, providing a secure income stream with long-term appreciation potential in a fast-developing submarket.

Investment Highlights:

✔ Asking Price: $18,000,000 ($750K/unit)
✔ Total Units: 24 across 6 stories
✔ Unit Mix: A balance of market-rate and rent-stabilized apartments
✔ Building Size: 14,737 SF with average unit size of 750 SF
✔ Ideal for: Long-term hold investors, affordable housing portfolios, or repositioning strategies

Location Benefits:

✔ Located in Hudson Square, just west of SoHo and south of Tribeca
✔ Near Google and Disney HQ campuses, and Hudson River Park
✔ Strong long-term rental demand from seniors, professionals, and creatives
✔ Excellent access to public transit and major arterial routes

Highlights:

✔ In-place rent roll with built-in rent-stabilized protections
✔ Positioned in a supply-constrained and gentrifying area
✔ Potential for long-term upside through turnover and unit improvements
✔ Highly walkable location with top-tier lifestyle and transit access

Conclusion:

558 Broome Street offers a compelling blend of income stability and strategic upside in one of Manhattan’s most rapidly evolving neighborhoods. With proximity to institutional tenants, high-value developments, and limited multifamily supply, this asset is a smart addition to any long-term investment portfolio.

Contact us today for full financials, rent roll, or to arrange a private tour.