514-516 Broadway nyc
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Lease Apartment 514-516 Broadway

Rent Apartment 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
  • Johnson & Johnson Innovation leased 30,000 SF at 101 Avenue of the Americas
  • Panavision leased 23,250 SF at 150 Varick St
  • RDA International leased 14,000 SF at 100 Vandam St
  • Postworks New York leased 11,000 SF at 100 Avenue of the Americas
  • Spring Studios leased 5,000 SF at 120 Wooster St
  • GCAM leased 3,200 SF at 145 Hudson St
  • FuMorton Architects leased 3,150 SF at 107 Grand St
  • New York Hearing Center Inc leased 2,800 SF at 128-138 Mott St
  • Wellington Physical Therapy and Acupuncture leased 2,000 SF at 139-149 Centre St
  • Abe Young leased 1,300 SF at 134 Spring St

ConnectivCorp Testimonial

ConnectivCorp testimonial
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Tenant Representation: Optimal Spaces acts exclusively as a "Tenant Broker," only representing tenants, never landlords.
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Unbiased Service: Avoiding conflicts of interest, they provide impartial service, showing a wider range of properties and negotiating the best price.
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Comprehensive Process: Agents guide clients end-to-end, offering market surveys, floor plans, pricing expectations, and industry contacts.
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Cost Savings: They negotiate rental price and identify/abate "hidden costs."

Why Optimal Spaces –
Tenant Broker

  • No fee for clients renting space.
  • We work for YOU, not the landlord.
  • Save 15–20% on your business costs.
  • Save 100–200 hours of research.
  • Access to all available spaces.
  • Specialized real estate expertise.

Alone or with other broker

  • Miss deals and hard-to-find spaces.
  • Potential conflict of interest (often represent landlords).
  • Only 10% of available spaces are online.
  • Lack of specialized expertise.
  • May not get the best terms or uncover hidden costs.
Why Use a Tenant Broker: Your Advocate in Commercial Real Estate
1. The Crucial Distinction: Whose Side Are They On?
Landlord Rep (Listing Agent) — Fiduciary Duty: Landlord. Highest rent, best terms for landlord.
Tenant Rep (Tenant Broker) — Fiduciary Duty: Tenant Only. Lowest rent, best terms for tenant. Levels the playing field.
2. It Almost Always Costs You Nothing
3. Access to “Hidden” Inventory
4. Negotiating Beyond Base Rent
Landlord pays the broker fee — free expert representation for the tenant.
Access to hidden inventory: off-market listings, subleases, and future availabilities via broker databases and networks.
Negotiating beyond base rent: free rent, TI allowance, OPEX caps, and lease flexibility for renewal or expansion.
5. Time Savings & Process Management
6. Mitigating Risk (the “Gotchas”)
Tenant broker handles searching, scheduling, and RFPs — your outsourced real estate department with curated options and timeline management.
Mitigating risk: spotting pitfalls in LOI and lease such as restoration clauses and holdover penalties.
Summary: Don’t rely on the landlord’s agent. A tenant broker is your advocate, provides better data, negotiates a complete package, and typically costs you nothing.
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