893 Broadway

> Massey Knakal Realty Services has been retained on an exclusive basis to arrange for the sale of 893 Broadway (a.k.a. > 13 East 19th Street), a vacant 4-story elevatored L-shaped building. > This is the first sale in 34 years. > This exceptional loft building has a tremendous retail presence with frontage on both Broadway and East 19th Street. > Retail values on the ground floor could reach over $300/sf. > Neighbors include ABC Carpet & Home, Miss Sixty, Loews Theater, Craft, and True Religion. > Meanwhile, the upstairs presents a prime opportunity for commercial or mixed-use development where office rents in the area reach $60/ft and residential sellouts could be upwards of $1,900/ft. > Built circa 1915, this loft building was home to Jennifer Leather on the ground floor. > Floors 2 through 4 were used for office & storage use. > The property lies within the Ladies' Mile Historic District. > Given the M1-5M zoning district and 4,216 SF lot size there is the possibility to add approximately 2,940 SF pending Landmarks and D.O.B. > Approval. > Upon the completion of the renovation the property would feature a total of 21,215 SF(1) above grade or approximately 24,715 SF(1) including the basement. > The M1-5M zoning district allows residential conversions as-of-right provided that a portion of the building is left commercial. > This is an excellent opportunity for an end user, investor or retailer.