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An exceptional opportunity in the heart of Manhattan’s Central Business District, this multi-family condo property offers an attractive blend of investment potential and owner-user appeal. With its strategic location and spacious units, 391 Broadway stands as a unique offering in Tribeca’s competitive real estate market.

Property Overview:

• Address: 391 Broadway, New York, NY 10013
• Asking Price: $3,750,000
• Sale Type: Investment or Owner User
• Property Type: 3-Star Low-Rise Multi-Family Condo
• Location: Central Business District (CBD)
• Units: 4
• Average Unit Size: 2,420 sq. ft.
• Stories: 5
• Class: C
• Gross Building Area (GBA): 12,866 sq. ft.
• Typical Floor Area: 1,620 sq. ft.
• Number of Buildings: 1
• Units per Acre: 67/AC
• Market Segment: All
• Rent Type: Market

Key Features:

Prime Tribeca Location:

Situated in the heart of Tribeca, 391 Broadway benefits from its prestigious location in one of New York City’s most dynamic neighborhoods. Renowned for its luxury living, iconic restaurants, and cultural landmarks, the area ensures strong tenant demand and a thriving lifestyle environment for owner-users.

Expansive, Flexible Units:

With an average unit size of 2,420 sq. ft., these condos provide ample space for luxury living or premium rental income. The building’s design caters to high-end tenants and discerning buyers, offering versatility for customization to suit various needs.

Appealing Investment Opportunity:

As a low-rise multi-family condo property, 391 Broadway is ideal for investors seeking a manageable yet profitable asset. Its market rent type allows for steady income generation, while the property’s prime location ensures long-term appreciation potential.

Boutique Building Character:

This five-story Class C building combines a charming low-rise aesthetic with modern condo living. Its unique design and central location create a boutique appeal that sets it apart in a competitive market.

Conclusion:

391 Broadway presents a rare chance to own a multi-family condo property in Tribeca. With its spacious units, strategic location, and investment or owner-user flexibility, this property is a standout in Manhattan’s real estate landscape. Whether you aim to maximize rental returns or enjoy the luxury of owning a Tribeca residence, this property delivers on both fronts.