682 Broadway, NoHo - Manhattan, NYManhattan, NY RKF has arranged the $10 million sale of a 1,400 s/f retail cooperative at 682 Broadway in the NoHo historic district.
RKF vice president Brian Segall and vice chairman Ariel Schuster represented the owner, Manhattan-based Premier Equities, while Marshall Real Estate’s Matthew Marshall represented the buyer, Ascot Properties LLC, in the sale that closed on December 5th, 2016.
Situated on the southeast corner of Great Jones St. and Broadway in NoHo, the building, in the neo-classical style, is in close proximity to NYU and benefits from a high volume of pedestrian traffic—in a market that’s growing and boasts opportunities to live, work and play all in the same neighborhood. The corner retail space includes 1,400 s/f on the ground floor, 400 s/f in the basement and 50 ft. of frontage. The space is currently leased long-term to GNC Holdings Inc., a leading global specialty retailer of health and wellness products.
“This is one of NoHo’s busiest corners, just steps away from iconic thoroughfares Bond St., Washington Square Park and SoHo,” said Segall. “This sale shows the strength and continued demand for income-producing retail in downtown Manhattan.”
In the past few months, RKF has arranged numerous investment sales in Manhattan, including a 2,354 s/f retailcondominium at 42 Hudson St. in Tribeca, the $4.85 million sale of a 2,800 s/f building at 28 East 13th St. n Union Square, and the $2.2 million sale of a 4,535 s/f retail condo at 1810 Third Ave. on the Upper East Side.
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