SoHo

2 Reviews
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  • 499 Broome St New York City New York 10013 United States
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1REC's Take
About
Occupancy Information
Destination Rents
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Vendors
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1REC's Take
Pros

✔ High-end shopping ✔ Artistic heritage ✔ Trendy cafes and restaurants

Cons

✘ Expensive real estate ✘ Crowded streets ✘ Limited parking

Shopper Profile

✦ Fashion Forward: Attracts fashionistas and tourists ✦ Affluent Shoppers: High-income individuals ✦ Preferences: Designer boutiques, art galleries, upscale dining

Successful Retail Uses:
High-End Fashion, Art Galleries, Upscale Dining
About Location
Synonymous with fashion and loft living, SoHo’s cast-iron facades are a backdrop to a world of luxury retail. A magnet for fashion-forward crowds, its streets brim with high-end boutiques, chic cafes, and art galleries. Rents here are among the city’s premium, and while there’s a legacy of local ownership, many spaces are now under the helm of institutional landlords.
Household Income in Trade Area: $110,000
Retail Sales in Trade Area: $2.4 billion
Population in Trade Area: 180,000
Occupancy Information
Tenant Sales per Square Foot: $1,200
Occupancy Rate: 95%
Anchor Tenants: Apple, Nike, Bloomingdale’s
Tenant Rent/Sales Ratio (%): 25% – 50%
Rent $ / Visitor (relative cost of the foot traffic): $60 – $120
Other Notes: Data sourced from public and private records.
Destination Rents
Average Rent (psf): $302
Median Rent (psf): $255
Rent Range (psf): $255-$392
Rent Variability: High
Other Notes: Data provided by Retail by MONA, a New York based brokerage firm.
Know Before You Go
Preferred ISP(s)
Spectrum, Verizon Fios
Estimated Permit Timeline (weeks)
6-8
Landmarks Risk
High
Union Labor Disharmony Likelihood
Medium
Recommended Vendors 🔗

Local Broker: Retail by MONA

Building Surveyor: DrafterMax

Permit Expeditor: Paul Fusco Consulting

Licensed Architect: Prose Architecture

Store Designer: Carina Miranda Studio

Real Estate Attorney: Fentin Goldman

General Contractor: O'Leary Group

Photos
image scaled 768x512
Reviews

2 Reviews on “SoHo”

Overall rating
Parking
Foot Traffic
Cleanliness
Safety
  • broker52
    Parking
    Foot Traffic
    Cleanliness
    Safety

    One of the few places the rents are justified. Pick a side street for a steep dropoff in rent, but not as quite a dropoff in foot traffic.

     Reply
  • JJRetail
    Parking
    Foot Traffic
    Cleanliness
    Safety

    Our location in Soho was one of our first locations and highly profitable. Although rents are high, the revenue offsets those higher costs not to mention the awareness and traffic it drives for the brand.

     Reply

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Get Directions
Primary Landlord: NYC
Retail Type: Streets & Neighborhoods
Address: 499 Broome St
New York City
New York
10013
United States
MSA: New York-Newark-Jersey City NY-NJ-PA
Website

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