Prince Tower

Prince Tower is a Co-op located 565 Broadway, in SoHo, New York. The building was first built in 1860 and is 164 years old. It was first renovated and altered in 1983. But was most recently renovated and altered in 2004. The lot that the building was built on is 51 feet wide and 100 feet long. The official lot area is listed as 5,100 square feet. The building itself is 50 feet wide and 99 feet long. In total, 565 Broadway has a total floor area of 51,180 square feet. Of that, 46,180 square feet are used for residential purposes. About 5,000 square feet of the building are used for commercial purposes. There are a total of 13 units. Of those, 11 are residential units. There are two commercial units. 565 Broadway has a total of 9 floors. Thankfully, the building is equipped with elevator service. Residents can access the two elevators in 565 Broadway.

Interested in learning more about the building? Great news, subletting is currently allowed, which makes this a great opportunity for folks who just want a secondary home or make some passive rental income. There are many great amenities and features for residents in the building. Better yet, washer and dryers are allowed in each unit. Residents who own pets will be happy to hear that the building is pet-friendly. Both dogs and cats are allowed in the building! There are 29 closings on record, of which we have matching data for 3 listings. In the past 3 years, a listing in this building will typically remain on the market for about 159 days Meaning, listings tend to sell at a median of $1,433 price per square foot. The transaction that took the longest to complete was unit 5W, listed on Nov 18, 2013 for $3,900,000. This particular unit ultimately sold 190 days later for $4,200,000. The most recent transaction was for unit 1, sold for $0 on Aug 25, 2023. Fun fact, the oldest transaction we have on record took place on Oct 01, 1968. See the full transaction history for Prince Tower below.

SoHo, where 565 Broadway is located, has a median asking price of $1,195,000 for co-op buildings. Meanwhile, the building itself has a median asking price of $3,750,000. For interested buyers, that means the building's median asking price is around 2.14% above the neighborhood's median asking price for co-ops. A buyer may therefore end up paying more for a unit in this building compared to other co-op buildings in the neighborhood.

Unfortunately, there are currently no active listings within the building but our inventory of available units for sale is constantly updating in real time. Check back frequently for updates.