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718 BroadwayNew York, NY 10003
718 Broadway
Asset ClassRetail
718 Broadway
overview of deal

Overview

Exceptionally Tight Fundamentals: 2.6% vacancy (Q1 2026), below five- and ten-year averages, with vacancy projected to compress further to 2.5% by year-end 2026.

 

Supply-Constrained Environment: No retail space under construction and no new deliveries over the past decade, preserving long-term rent stability and tenant demand.

 

Premier Rent & Pricing Metrics: Average market rents of $152/SF and estimated pricing of $1,621/SF, more than 3x the broader New York market average.

 

Institutional-Quality Liquidity: $37.8 million in retail sales volume over the past year, exceeding five- and ten-year annual averages, with cap rates averaging 4.2%, reflecting durable investor demand for core Village retail.

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718 BroadwayNew York, NY 10003

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