378 Broome St — Sale in New York, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: New York, NY 10013

Description

Newmark has been retained on an exclusive basis to arrange for the sale of the retail condominium at 378 Broome Street, New York, NY (the “Property”). The recently constructed, 1,995 square foot retail condo is situated on the south side of Broome Street between Mulberry and Mott Streets in the NoLita neighborhood of Manhattan. Delivered vacant and built in 2020 by acclaimed architectural firm HWKN, the Property presents an exceptional opportunity for an owner-user or investor to acquire a turnkey retail asset in one of Manhattan’s most desirable neighborhoods. The property spans 26 feet in width and 107 feet in depth and sits at the base of a boutique, four-residence luxury condominium, which features high-end finishes and distinctive architectural design. The building’s façade showcases sandstone-colored brick, bronze accents, and oversized windows that create a striking street-level presence. Interior features include nine-foot ceilings and a flexible floor plan, making the space adaptable to a variety of retail or showroom uses. With no deferred maintenance and recent construction, the asset requires minimal capital improvements and is well-positioned for immediate occupancy or repositioning.

Market Context

This retail in New York, NY is listed for sale. It has been on the market for 54 days. Compare it against other retail listings for sale in New York, NY — view the full market.

As of Q1 2026, the New York City Area retail market showed a 4.2% vacancy rate, average asking rents near $54.00/SF/yr, and cap rates around 6.2%.

Tight vacancy keeps competition for quality space elevated.

Retail market FAQ

What is the typical cap rate for retail in New York City Area?
About 6.2% as of Q1 2026.
Is the New York City Area retail market tightening or softening?
Vacancy is around 4.2% (Q1 2026).

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