--- title: "424 Broadway #3-F, New York City, NY 10013" description: "424 Broadway #3-F, New York City, NY 10013 — Soho, New York City, NY. Listing Price $3,750,000. 4 bed, 2 bath, 4,000 sqft Illustrative Buyer Commission Share of $56,250 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10013/424-broadway-3f-ny-10013" source: "Real Estate Rebate Team" status: "Active" --- # 424 Broadway #3-F, New York City, NY 10013 Soho, New York City, NY Courtesy of BC Realty Group LLC ## At a Glance - **Listing Price**: $3,750,000 - **Beds**: 4 - **Baths**: 2 - **Sqft**: 4,000 - **Common Charges**: $1,833 / mo - **Monthly Taxes**: $3,894 / mo - **Price per Sqft**: $938 - **Brokerage Fee**: Share Eligible ## The Private Brokerage Advantage As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction. - **Contract Purchase Price**: $3,750,000 - **Illustrative Buyer Commission Share**: -$56,250* - **Illustrative Net Cost**: $3,693,750 *Illustrative Buyer Savings of $56,250 — 50% of a 3% buyer-broker commission, shared at closing.* [Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) ## Photos (7) ![424 Broadway #3-F, New York City, NY 10013 — photo 1 of 7](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/efecf822-ea45-4c6e-9fac-0477a989ad07.jpg) ![424 Broadway #3-F, New York City, NY 10013 — photo 2 of 7](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/9e46a8a8-5c75-4421-b069-4700ff07ef2a.jpg) ![424 Broadway #3-F, New York City, NY 10013 — photo 3 of 7](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/b0d4aee6-def9-4c44-8477-b218c2964451.jpg) ![424 Broadway #3-F, New York City, NY 10013 — photo 4 of 7](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/13b32046-46e8-4cb2-82d1-8112f1627d3a.jpg) ![424 Broadway #3-F, New York City, NY 10013 — photo 5 of 7](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/fca160b9-90a5-480a-bf4e-826c11c329e6.jpg) ![424 Broadway #3-F, New York City, NY 10013 — photo 6 of 7](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/53663964-79ee-49d4-8945-39e3dc4e3559.jpg) ![424 Broadway #3-F, New York City, NY 10013 — photo 7 of 7](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/de04b9cb-824c-4d47-bed6-ac91feaaeead.jpg) ## Property Overview ICONIC SOHO FULL-FLOOR ART GALLERY LOFT FOR SALE — $3,750,000 A rare opportunity to own an income-producing, full-floor commercial loft in the heart of Downtown Manhattan. Located near Broadway and Canal Street—where SoHo, Nolita, Tribeca, and Little Italy converge—this approximately 4,000-square-foot third-floor loft is currently occupied by an art gallery and offers an extraordinary combination of architectural character, natural light, flexible use, and investment potential. Oversized windows illuminate the expansive open interior, while approximately 10- to 12-foot ceilings, classic hardwood floors, exposed architectural details, and 24/7 elevator access create an impressive setting for a gallery, showroom, creative headquarters, design studio, fashion company, professional office, or owner-user. Property Highlights Approximately 4,000 square feet Full-floor commercial loft Currently leased to an art gallery 24/7 elevator access Oversized windows and excellent natural light Approximately 10- to 12-foot ceilings Expansive, flexible open layout Classic hardwood flooring Private pantry Two private bathrooms Lease expiration: April 30, 2027 Prime Downtown Manhattan location Current Income Income Summary Amount Current Monthly Rent $16,872 Current Annual Income $202,464 Projected Monthly Rent at $65/SF $21,666 Projected Annual Income at $65/SF $259,992 Annual Operating Expenses Expense Annual Amount Common Charges $22,000 Real Estate Taxes $46,726 Insurance $1,250 Total Annual Expenses $69,976 Investment Overview Current Net Operating Income: approximately $132,488 annually Projected Net Operating Income at $65/SF: approximately $190,016 annually Current Cap Rate at $3,750,000: approximately 3.53% Projected Cap Rate at $3,750,000: approximately 5.07% The existing lease provides immediate income through April 2027, while the projected market rent offers meaningful future upside. This is an exceptional opportunity for an investor seeking a prime Downtown asset or an owner-user planning for future occupancy. Unmatched Downtown Location Surrounded by internationally recognized galleries, boutiques, restaurants, hotels, and creative businesses, the property benefits from substantial pedestrian traffic and immediate access to several of Manhattan’s most desirable neighborhoods. Convenient access to the N, Q, R, W, 6, J, Z, A, C, and E subway lines at Canal Street. Video Tour https://youtu.be/eoly90GceJ8 OWN THE SPACE. OWN THE LOCATION. OWN A PIECE OF DOWNTOWN MANHATTAN. Private Showings by Appointment only, contact BC Realty Group LLC, LIC, listing broker Anny. ## Property Details - **Property Type**: Condominium - **Beds**: 4 - **Baths**: 2 - **Rooms**: 7 - **Sqft**: 4,000 sqft - **Stories**: 6 - **Year Built**: 1915 - **Price per Sqft**: $938 - **Common Charges**: $1,833 / Monthly - **Monthly Taxes**: $3,894 / mo - **Listed On**: Jul 20, 2026 - **Days on Market**: 48 Days ### Residence Features - See Remarks - Pantry ## Sales Evidence ### How this price compares The median closed price for comparable condo four-bedroom sales in SoHo is $9,050,578, based on 6 sales between April 2025 and June 2026. This home is asking $3,750,000, $5,300,578 below that median. The middle half of those sales closed between $7,312,500 and $9,959,039. - **Median closed price**: $9,050,578 - **Middle half**: $7,312,500 – $9,959,039 - **Based on**: 6 condo four-bedroom sales in SoHo - **Period**: April 2025 – June 2026 - **Median $/ft²**: $2,894/ft² Across the 5 of these sales with a published asking price, the median closed at 91.3% of what it originally asked. 100% of them closed below the original ask. This building has not had enough comparable sales of its own in the period to support a median, so the benchmark is drawn from SoHo instead. ### How these sales were negotiated - **Sold vs original ask**: 91.3% of the original ask - **Closed below ask**: 100% of 5 sales - **Listed → in contract**: 196 days (about 28 weeks) - **In contract → closed**: 63 days (about 9 weeks) Across the 5 of these sales with a published asking price, the median closed at 91.3% of what it originally asked. 100% of them closed below the original ask. Half of these homes were in contract within 196 days (about 28 weeks) of coming to market, based on the 5 with a recorded listing date. Once a deal was agreed, closing took a further 63 days (about 9 weeks), based on the 5 with both dates recorded. These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure. Based on 6 condo four-bedroom sales in SoHo, April 2025 – June 2026. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ. Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for. [See every recorded sale at 424 Broadway](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/424-broadway) ## About The Building ### 424 Broadway 424 Broadway, New York, NY 10013 A building in the neighborhood, currently featuring 2 active listings. - **Year Built**: 1915 - **Total Units**: 2 - **Floors**: 6 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/424-broadway) ### Available Residences — For Sale (2) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [3-F](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10013/424-broadway-3f-ny-10013) | 4 | 2 | 4,000 sqft | $938 | $3,750,000 | BC Realty Group LLC | Jul 20, 2026 | 48 days | | [2-F](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10013/424-broadway-2f-ny-10013) | 2 | 2 | 4,000 sqft | $813 | $3,250,000 | BC Realty Group LLC | May 21, 2026 | 108 days | ## Estimated Monthly Payment **$24,689 / month**, assuming a 20% down payment ($750,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $18,962 - **Property Taxes**: $3,894 - **Common Charges**: $1,833 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Potential NYC Second-Home Tax This property may be subject to New York City’s non-primary residence surcharge if it is not used as a qualifying primary residence. The surcharge is based on the NYC Department of Finance market value, not the listing price. [Estimate the Potential Surcharge](https://realestaterebatesnewyork.com/calculators/nyc-second-home-tax-calculator) ## SoHo Overview of SoHo [Explore SoHo](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/soho) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Soho - [Nolita real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/nolita) - [Tribeca real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/tribeca) - [Little Italy real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/little-italy) - [NoHo real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/noho) - [Greenwich Village real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/greenwich-village) - [West Village real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/west-village) - [Nolita real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/nolita) - [Tribeca real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/tribeca) - [Little Italy real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/little-italy) - [NoHo real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/noho) - [Greenwich Village real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/greenwich-village) - [West Village real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/west-village) ## Related Links - [424 Broadway — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/424-broadway) - [SoHo neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/soho) - [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) --- > RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. > All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.