Property Analysis – 1158–1160 Broadway
NoMad / Koreatown / Herald Square Corridor, Manhattan
Asking Rent: $41,000/month
Property Type: Retail
Size: 2,402 ft²
Key Financials
Price per Square Foot (Annual Rent):
$205/ft² (strong Manhattan retail pricing, consistent with a high-traffic central corridor)
Monthly Rent per Square Foot:
~$17.07/ft²
Estimated Annual Rent:
$492,000/year
Location Overview – NoMad / Broadway Corridor
1158–1160 Broadway is positioned in a highly active Manhattan retail corridor near NoMad, Koreatown, and Herald Square, benefiting from dense foot traffic, office workers, shoppers, and visitors.
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Key advantages:
• Prime Broadway frontage in a major commercial corridor
• Close to Herald Square and Penn District traffic
• Strong daytime population from surrounding office buildings
• Heavy pedestrian activity from shopping, dining, and transit users
• Excellent subway and commuter rail access nearby
This is a high-visibility retail location, better suited for branding and traffic capture than for low-overhead neighborhood retail.
Investment / Leasing Analysis
Strengths
• Strong central Manhattan location
• Large 2,402 ft² footprint for flexible retail use
• High pedestrian exposure and brand visibility
• Near major shopping and transit nodes
• Suitable for established retail, service, or flagship-style users
Risks
• High rent burden ($41,000/month) requires strong sales volume
• Central Manhattan retail can be sensitive to market cycles
• Competition from national retailers and nearby corridors
• Buildout and frontage configuration will affect value
• Additional occupancy costs may materially increase total rent depending on lease structure
