Highlights
•Prime conversion and value-add opportunity •Approximately ±10,772 square feet of unused air rights •Strategic location between Hudson Square, Tribeca, and SoHo •Delivered fully vacant •Excellent connectivity and transit access
Description
Cushman & Wakefield has been exclusively retained to market the sale of 556 Broome Street, a rare conversion opportunity located on the north side of Broome Street between Sixth Avenue and Varick Street in Hudson Square—one of Manhattan’s most dynamic and rapidly evolving neighborhoods. Positioned at the intersection of SoHo, Tribeca, and the West Village, the property sits within a highly desirable and supply-constrained submarket well suited for boutique residential, creative office, hospitality, or mixed-use development. The five-story building features a large elevator and a curb cut and contains approximately 10,348 square feet of existing space, along with an additional ±10,772 square feet of unused air rights. Located within the Hudson Square Special District (HSQ), the property benefits from flexible zoning that permits a wide range of uses, creating multiple compelling conversion and value-add scenarios. Hudson Square has become a premier destination for leading media, technology, and creative companies, driven by transformative projects such as Disney’s 1.3 million-square-foot headquarters and Google’s continued campus expansion along Hudson Street. The neighborhood combines historic industrial character with modern development, offering a highly walkable environment, luxury residential growth, and immediate access to top-tier dining, retail, and transportation. With limited new development opportunities, assets of this caliber are increasingly rare. 556 Broome Street represents a unique chance to acquire a vacant, well-located building with significant upside potential in a submarket benefiting from sustained investment, strong tenant demand, and long-term growth.
Listing Details
- Space Type
mixed-use
- Sub Category
mixed-use-multifamily / mixed-use-office
- Date Listed
2/3/2026
- Investment Type
Value Add
Property Specifics
- Property Name
556 Broome Street
- No of Buildings
1
- No of Stories
5
- Building Size
10,348 SF
- Lot Size
2,112 SF