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487 Broadway

SoHo, New York, NY
Floors
13
Year Constructed
1896

About 487 Broadway

Built in 1896, the 13-story Silk Exchange building at 487 Broadway in New York's Tribeca and Soho neighborhoods occupies a high visibility corner. Boasting an all glass storefront and 3 elevators, the property will suit a wide range of retailers as well as companies hoping to rent office space in a prestigious historic building.

Situated near many fashion retailers, on the southeast corner of Broadway and Broome Street, the former Silk Exchange at 487 Broadway is one of New York's instantly recognizable buildings with its narrow shape and highly ornate limestone, buff-colored brick and terra cotta facade.

Converted into 25 residential units plus commercial space on the ground floor, the Silk Exchange at 487 Broadway became the Haggin Building in 1985. Occupying a historic part of New York that boasts many cast-iron buildings, the former Silk Exchange now is home to artists, making this a great location for a creative company or a retailer supplying artists with materials.

This vibrant neighborhood sees plenty of foot traffic and boasts world-class amenities like dining, shopping and entertainments.

487 Broadway in New York features a facade with lovely cornices and dentils, corbels and rosettes. Its elegant design dominates this corner.

Internet Providers for 487 Broadway

Provider Technology Max Download Speed Max Upload Speed
Level 3 Communications Fiber
10 Gb/s
10 Gb/s
Time Warner Cable Cable
100 Mb/s
6 Mb/s
MegaPath DSL
50 Mb/s
50 Mb/s
Verizon New York DSL
10 Mb/s
1.5 Mb/s

The Neighborhood: SoHo

The typical asking rate per listing is in the $80's per square foot per year. The SoHo region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 5% decline in rent.

Compared to the rest of the New York City market, the SoHo region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Median Rate Median Size
SoHo $86
/sqft/yr
4,700
sqft
Median Rate Median Size
New York City $66
/sqft/yr
3,380
sqft

Median Rate over Time in SoHo