$36,000,000
Updated 11 years ago
Off Market

708 Broadway

Greenwich Village, Manhattan | East 4th Street & Washington Place

Income Property

$36,000,000
floors10
Lot Size25'x275'
Built Size25'x137'
ZoneM1-5B
Building TypeMid-Rise

Building Amenities

  • Voice Intercom
  • Elevator

Property Description for 708 Broadway

Located on the east side of Broadway between East 4th Street and Astor Place, this 10-story property is ideal for a mixed-use condominium conversion. Furthermore, plans for a penthouse addition have been approved by the Landmarks Preservation Commission, bolstering even higher returns. Currently the property is zoned M1-5B for live-work condos, but a variance can be sought for full residential which several projects in the immediate area have recently received. The building can also be developed as a hotel project. With inventory for a product of this type in NoHo and Greenwich Village at extremely low levels, this is an excellent opportunity for a boutique hotel developer to purchase a centrally located asset in a thriving neighborhood.

Listing History for 708 Broadway

Now
09/04/2014
POM by James P. Nelson
Cushman & Wakefield
03/04/2014
$36,000,000
Initial Price by James P. Nelson
Cushman & Wakefield

Building Details for 708 Broadway

OwnershipIncome Property
Building TypeMid-Rise
Service LevelVoice Intercom
AgePre-War
AccessElevator
Year Built1914
Floors10
Learn More About the Building

Transit and Citi Bike

Subway

8 St-NYU
0.13 miles
Astor Pl
0.17 miles
Bleecker St
0.2 miles
Broadway-Lafayette St
0.27 miles
Prince St
0.37 miles

Citi Bike

Washington Pl & Broadway
0.03 miles
Great Jones St
0.09 miles

Contact Agents

Contact Agents

James Nelson
Cushman & Wakefield
Caroline Hannigan
Cushman & Wakefield
Matthew Nickerson
Cushman & Wakefield

Greenwich Village | Manhattan

Quick Profile

Birthplace of beatniks, Greenwich Village has always been a neighborhood bursting with creativity, home to artists, poets, musicians and writers. There is a lot of foot traffic in the neighborhood, as it gives convenient access to many other neighborhoods. There are a lot of popular eateries on MacDougal Street and bars on Bleecker Street. The neighborhood has a bit of a college-town feel, due to the presence of NYU. There aren’t large chain stores here, so it isn’t really a mecca for shopaholics, but you can find interesting vintage stores and specialty boutiques.

Available housing is centered on pre-war walk-ups. You can find good deals on the quieter, tree-lined side streets, as opposed to the bustling avenues. There are pockets of brownstones and townhouses, some dating back to the early 19th century, throughout the neighborhood, as well. You will find more luxurious housing in the newer high-rise buildings on Park and Fifth Avenues.

Washington Square Park is the heart of the neighborhood. If you sit near the Arch and close your eyes, you might catch an echo of the music and social history of the Park, floating through the air. Greats like Joan Baez, Bob Dylan, and Paul Simon started their storied careers right here in Greenwich Village. Today, the Village is a celebration of diversity, where everyone is welcome.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 53112TH