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505 Broome St

SoHo, New York, NY
Year Constructed
1927

About 505 Broome St

Surrounded by well-known global retailers, the attractive commercial property at 505 Broome Street in New York’s vibrant Soho neighborhood is perfect for tenants looking to rent office space or a retail unit in an area with high foot traffic and exceptional visibility.

Offering 25’ of existing frontage, 505 Broome Street in New York is currently awaiting landmark approval for the renovation of the frontage. This lovely building was constructed in 1927 and sits on the western Soho border, where stylish retailers like Sass & Bide, Bogner, Lumas, Ralph Lauren, Isabel Marant and Oliver Peoples have their stores.

Located between West Broadway and Watts Street, 505 Broome Street offers New York’s commuters easy access to public transportation at Canal Street and amenities like Starbucks on nearby Varick Street and Yogurutu & Coffee Bean on Spring Street.

The storefront is located just steps from the bustling intersection of West Broadway, within a short walk of notable branded outlets like Laduree, Bonpoint, Cipriani and Anthropologie.

The eye-catching gray brick and masonry building at 505 Broome Street in New York will suit high-end retailers like fashion boutiques, jewelry stores, leather accessories retailers and gallery showrooms.

Internet Providers for 505 Broome St

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

Most listings are in the $80's per square foot per year. The SoHo region is seeing a decrease in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 4% decrease in rent.

Compared to the rest of the New York City market, the SoHo submarket has higher rates, and you'll need to make a great offer to be in this hot region.

Median Rate Median Size
SoHo $86
/sqft/yr
5,000
sqft
Median Rate Median Size
New York City $66
/sqft/yr
3,372
sqft

Median Rate over Time in SoHo