Avison Young Markets SoHo Property with POP MART Flagship Store

Avison Young is marketing a 14,225-square-foot retail and residential property at 535 Broadway within the historic cast-iron district of SoHo on behalf of A10 Capital. The five-story property was built in 1852 and features 9,600 square feet of residential space across four floors along with 4,625 square feet of ground-floor and lower-level retail space and a 2,350-square-foot sub-cellar.

The fully occupied property features three full-floor, free-market apartments and one full-floor rent-stabilized unit. The ground floor duplex is newly leased to POP MART for its flagship New York City store.

The sellers are represented by Avison Young’s Tri-State Investment Sales team, including James Nelson, head of Tri-State Investment Sales; Brent Glodowski; Eric Karmitz; and Alexandra Marolda.

“The SoHo market, along with Madison Avenue, are the markets which have rebounded most dramatically from the downturn and have been leading the way in retail leasing, office busyness and mixed-use and retail investment sales activity over the last year,” said Nelson. “The interest we’ve received thus far from the market is indicative of investors’ desires to be in Manhattan’s premier shopping corridors.”