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Rent/Lease Apartment 514-516 Broadway

Tenant Broker’s Perspective: Return-to-office mandates are driving up rental prices at 514-516 Broadway. This trend is projected to continue. Opportunities for subleases remain available at 514-516 Broadway and in the nearby Soho neighborhood.

Why Optimal Spaces Tenant Broker

  • Lease negotiation: full terms, renewals, expansion options
  • Cost analysis, inventory identification, negotiating scope
  • Risk mitigation against hidden pitfalls

Cost Savings

  • Negotiate 30+ leasing points to prevent hidden costs
  • Save 10–15% on total leasing costs
  • Save 100–200 hours filtering unviable spaces
  • Property access via broker databases and networks (off-market, subleases, future availability)

Alone or With Other Brokers

  • Managing agents owe fiduciary duty to landlords, seeking maximum price and terms rather than tenant savings.
  • Inherent conflict of interest as most brokers represent landlords
  • Risk of weaker terms and overlooked hidden costs
  • Heavy workload falls on you while best spaces are missed

514-516 Broadway Property Overview

Building Address: 514-516 Broadway, New York NY 10012
Building Name: Cooperative
Building Alternate Address: 514-516 Broadway
Zip Code:10012
Neighborhood:Soho
Borough:Manhattan
Stories:6
Year Built:1900
Building Class:B

514-516 Broadway, located in the heart of Manhattan's SoHo district, is a multifamily property with a rich history. The building was originally constructed in 1900 and underwent significant renovations in 2004. It is situated on one of SoHo's busiest corridors, between Broome and Spring Streets.

The property features a mid-rise apartment style and offers a fully built-out retail space. It benefits from 7-day-a-week foot traffic, making it a prime location for businesses seeking visibility and accessibility.

The building's architecture reflects the blend of old and new, with its historic facade complemented by modern amenities such as an elevator and on-site property management.

514-516 Broadway, Manhattan, NYC

This property is located in the vibrant SoHo neighborhood of New York City. It offers a unique blend of historical charm and modern amenities.

Property Details

  • Year Built: 1900
  • Renovated: 2004
  • Number of Units: 40
  • Number of Stories: 6

Neighborhood Highlights

SoHo is renowned for its upscale living, boutique shopping, and diverse dining options. Residents enjoy easy access to public transportation, parks, and cultural attractions.

Amenities

  • Property Manager on Site
  • Elevator
  • Air Conditioning
  • Wheelchair Accessible Rooms

Location

Located between Broome and Spring Streets, this property is at the heart of SoHo's bustling corridor, offering a "Walker's Paradise" with a Walk Score of 100.


Building Amenities at 514-516 Broadway, Manhattan, NYC:

  • Property Manager on Site
  • Elevator
  • Air Conditioning
  • Wheelchair Accessible Rooms

514-516 Broadway, located in the vibrant SoHo neighborhood of Manhattan, is a 6-story building with a rich history dating back to 1900. This property offers a unique blend of historical charm and modern functionality, making it an attractive location for office tenants.

The building features a mix of office spaces, including windowed and interior offices, catering to various business needs. Its prime location ensures high foot traffic, making it ideal for businesses seeking visibility and accessibility.

As a cooperative building, 514-516 Broadway provides a stable and secure environment for tenants. The area is renowned for its artistic vibe, trendy boutiques, and diverse dining options, offering a dynamic work environment.

With its historic architecture and modern amenities, this building is a sought-after destination for businesses looking to establish a presence in one of Manhattan's most iconic neighborhoods.


Internet providers available at 514-516 Broadway, Manhattan, NYC, include:

  • Verizon Fios: Known for high speeds up to 2 Gbps and reliable service.
  • Astound Broadband Powered by RCN: Offers both cable and fiber services with unlimited data.
  • Spectrum: Provides cable internet with speeds up to 1 Gbps and widespread coverage.
  • STARRY: Offers fixed wireless internet with high customer satisfaction ratings.

514-516 Broadway, Manhattan, NYC is located in the vibrant SoHo neighborhood. The property is situated between Broome and Spring Streets, offering easy access to major transportation options.

Transportation:

  • Subway: Spring Street (4, 6 Line) - 1-minute walk, 0.1 miles
  • Subway: Prince Street (N, R Line) - 3-minute walk, 0.4 miles
  • Bus: Broadway/Spring St (M55) - nearby

Cross Streets: Broome Street and Spring Street

Nearby Office Tenants Leased
  • Arbor Education & Training leased 56,587 SF at 65 Broadway
  • Away leased 56,500 SF at 82 Mercer Street
  • Actors' Equity Association leased 55,389 SF at 1560 Broadway
  • American Management As… leased 54,303 SF at 1601 Broadway
  • The Kings College leased 52,542 SF at 50 Broadway
  • Estee Lauder Cosmetics leased 51,174 SF at 575 Broadway
  • Hard Rock Cafe leased 51,009 SF at 1501 Broadway
  • New York City Departmen… leased 51,000 SF at 42 Broadway
  • Knotel leased 49,000 SF at 530 Broadway
  • Cozen O'Connor leased 48,000 SF at 45 Broadway
Nearby Retail Tenants Leased
  • Rick Dana and Gisela Vergara, Douglas Elliman leased 8,000 SF at 648 Broadway
  • Supreme leased 8,000 SF at 190 Bowery
  • Fran?ois Payard leased 8,000 SF at 116 West Houston St
  • Shaw Industries leased 7,963 SF at 853 Broadway
  • Soko Glam leased 7,772 SF at 1261 Broadway
  • WeWork leased 7,460 SF at 902 Broadway
  • Amazon leased 7,354 SF at 72 Spring Street
  • Broome Street Hospitality leased 7,203 SF at 285 West Broadway
  • Champion leased 7,121 SF at 434 Broadway
  • Five Points Academy leased 7,100 SF at 148 Lafayette St

Nothing else matters Software Testimonial

Nothing else matters Software testimonial To whom it may concern: I am writing to recommend Stephen Sunderland and Optimal Spaces Inc. based on the excellent job they did assisting us in finding a lease at 215 Park Avenue South. They were fast and efficient in locating spaces that met our requirements and corporate image, aggressive in negotiating on our behalf, and effective in communicating our needs to the landlord and getting our offer accepted. I look forward to working with the team at Optimal Spaces Inc. again. Very truly yours, Donald H. Rutherford CFO

Office Buildings in SoHo