Cushman & Wakefield announced today that A.M. Properties and Quality Capital has appointed the real estate firm as exclusive leasing agent for 497 Broome Street, a full-building availability located between West Broadway and Wooster Street.
Formerly the home of The Original Teddy Bear factory, 497 Broome Street is available for lease for the first time since it was built in 1900. The building, which features a total of 6,700 square feet, with a usable roof deck, is one of the last vacant properties in Soho. The availability offers a tenant the opportunity to have retail, showroom, and office space all in one building. Ownership has initiated a total renovation of the building, restoring its exposed brick and wood finishes, while increasing ceiling heights.
A Cushman & Wakefield team of David Tricarico and Alex Cohen serve as exclusive leasing agent. Ownership is led by the Wasserman family, which has a number of properties throughout the city and has an excellent reputation throughout the brokerage community.
“We are very pleased to be appointed the leasing agent for 497 Broome Street and look forward to working with ownership to bring to market this unique, full-building, build-to-suit opportunity, with Soho branding exposure,” Mr. Tricarico, a Cushman & Wakefield Senior Director. “Ownership is equally excited to find a premier retail tenant on the ground floor and develop high-end and creative office installations on the above floors, complete with a phenomenal opportunity for a tenant who rents the top floor to have access to a private roof top deck.”
497 Broome Street is located steps from West Broadway. The building offers 1,200 square feet on the ground floor, approximately 1,000 square feet on the basement, and 1,500 square feet on floors 2 through 4. Neighboring retailers include MarieBelle, Catherine Malandrino, Kate Spade, Jerome Dreyfus, and Zadig & Voltaire.