475 BROADWAY #5E
About This Property
Step out of the private keyed-elevator directly into your authentic SoHo CONDO Loft, where you will be welcomed home to soaring (13'+) ceiling heights and an entire wall of South-East facing massive double hung landmark windows. Light, air, space, views, and tranquility await you in this magnificent Loft home.
With an uncommon width of 25 feet, this home is absolutely perfect to entertain and/or relax in style with room to breathe. The main room is vast and inviting, where gorgeous skyline and SoHo rooftop views provide incredible sunlight all day long. A well-placed fireplace completes the room, which is spacious and features the authentic loft-styled volume and scale often difficult to find. The kitchen is perfectly tucked on the edge of the main living/dining room, and has been renovated to include free-standing range with induction cooktop, Subzero fridge, and a large wine refrigerator. On the opposite end of the loft there are 2 large, private, and quiet bedrooms. These rooms are large - - either room could be used as a primary bedroom, as each is spacious, and has en-suite bathrooms with separated bathtubs and freestanding showers. There is also a home office room (3rd BR/guest room/media room) right across from the 3rd full bath, as well as a large proper laundry room with vented W/D. Additional features here include a full multizone C/A/C (operated with Nest Thermostats), high ceilings in every room hardwood flooring throughout, and an unexpected amount of light, privacy and space.
Built in 1894, 475 Broadway (The Hohner Condominium) is centrally located in SoHo's Historic Cast-Iron district, and is a well-managed 8-story building with 14 loft homes. The Condo ispet friendly, has a dedicated superintendent (who takes packages), and is conveniently located near various forms of transportation along with some of the city's finest dining, retail, and cultural destinations.A tastefully finished lobby (sparkling glass & mosaic tiles) provides direct elevator access to your loft.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
May 22, 2023 | Sold to 475 Building Llc | ||
Sold to 475 Building Llc | |||
Apr 18, 2023 | In contract | - | |
In contract | |||
Mar 14, 2023 | Listed by Douglas Elliman Real Estate | $3,950,000 | |
Listed by Douglas Elliman Real Estate | |||
Jun 15, 2011 | Sold to Nelson Minier | ||
Sold to Nelson Minier | |||
May 7, 2004 | Sold to Nelson Minier, Michele M Ni... | ||
Sold to Nelson Minier, Michele M Ni... |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
03/14/2023
|
2 Bed
|
3 Bath
|
2489 ft²
|
$3,950,000
2 Bed
3 Bath
2489 ft²
|
$3,785,000
-4.18%
05/22/2023
|
Joseph Monteleone
Douglas Elliman Real Estate
| ||
11/09/2022
|
4 Bed
|
3 Bath
|
3621 ft²
|
$6,995,000
4 Bed
3 Bath
3621 ft²
|
$6,550,000
-6.36%
07/31/2023
|
-
|
Brian Meier
Christie's International Real Estate
| |
04/27/2016
|
3 Bed
|
3 Bath
|
-
|
$4,250,000
3 Bed
3 Bath
|
-
-
|
-
|
-
| |
09/02/2014
|
3 Bed
|
3 Bath
|
2500 ft²
|
$4,000,000
3 Bed
3 Bath
2500 ft²
|
$3,690,000
-7.75%
12/18/2014
|
-
|
Joshua B Rubin
Douglas Elliman Real Estate
|
Building Info

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