Available
623 Broadway
NoHo, New York, NY 10012
Current Exclusives
45,440 SF
Building Size
100%
Occupancy
9.1 Yrs
WALT
2
Tenants
Marcus & Millichap is pleased to present for sale 623 Broadway, a 45,440 square foot, five-story building with a full basement located at the convergence of SoHo, NoHo and Greenwich Village. The Property is 100% leased to JPMorgan Chase and Greenwich House, with a weighted average lease term of 9.1 years.
A rare through-block Broadway lot, the Property has frontage on both Broadway and Mercer Street, with a second lobby at 190 Mercer Street providing additional frontage and dedicated freight access. It sits directly across from NYU's $1.2 billion Paulson Center and steps from the Broadway-Lafayette, Bleecker Street and Prince Street subway stations.
Property Highlights
- 100% leased to long-tenured tenants, fully occupied by JPMorgan Chase and Greenwich House, with Chase operating at the Property continuously since 1989.
- Built-in 3% annual rent growth across 100% of the rent roll.
- Irreplaceable SoHo / NoHo location on the SoHo border, directly across from NYU's $1.2B Paulson Center and steps from major subway lines.
- Significant mark-to-market upside, with Greenwich House paying $55.14/SF versus a $75/SF submarket asking rent.
- Rare through-block Broadway lot with frontage on Broadway and Mercer Street, including dedicated freight access from Mercer Street.
Deal Team
Eric Anton
Adam Steiner
