376 Broadway 3F

INVESTOR OPPORTUNITY | TRIBECA VALUE | TRUE 2-BEDROOM, 1.5-BATH CONDO | TENANT IN PLACE AT $6,600/MONTH unit 7/31/2027

$79,200 Annual Gross Rent | Approx. $54,100 NOI | Approx. 4.8% Cap Rate | Low Carrying Costs

Welcome to 376 Broadway #3F, a spacious true 2-bedroom, 1.5-bathroom corner condominium offering an attractive opportunity to own an income-producing property in one of Downtown TRIBECA Manhattan’s most affluent neighborhood.

The residence is currently leased at $6,600 per month through July 31, 2027, generating $79,200 in annual gross rental income and providing immediate income from day one.

The property benefits from relatively low monthly carrying costs about $2,003, with common charges of approximately $989/month and real estate taxes of approximately $1,014/month. Based on current rent and estimated operating expenses, the property generates approximately $54,100 in annual NOI, representing an approximate 4.7% cap rate at the $1,150,000 asking price.

Located in Tribeca, the property is surrounded by historic architecture, luxury residences, acclaimed restaurants, boutique shopping, art galleries, and distinctive cobblestone streets. Residents also enjoy convenient access to Hudson River Park, SoHo, the Financial District, and many of Downtown Manhattan’s premier cultural and dining destinations.

Excellent transportation options provide convenient access to the 1, 2, 3, 6, A, C, E, J, M, Z, N, Q, R, and W subway lines.

Investment Highlights