Authentic Soho Commercial Cooperative space being offered for sale for the first time in 40 years. This 4,000SF full-floor loft is still being used by a well-known American artist and remains largely untouched. The floor has four massive windows facing east onto Broadway and is bathed in morning sunlight and another four oversized windows that face south onto Broome Street. There are 12-foot ceilings, original columns, and the loft is accessed by a passenger elevator, freight elevator, or the ornate original staircase.
491 Broadway is a beautiful 12 story, brick and limestone building, built in 1920. The first four floors are zoned commercial and the cooperative owns the first floor retail and second-floor office space. Floors 5-12 are zoned as Joint Live-Work Quarters (JLWQ).
Don't miss this tremendous value - asking just $750/PSF for prime Soho!
*Maintenance Abatement Offer – Sellers are offering $4,000/mo for 12 months towards monthly maintenance. Maintenance has been $2,000/mo for decades, but was recently increased (3/1/21) as the cooperative-owned commercial spaces recover from the Covid 19 pandemic. Current monthly maintenance is $8,000.