42 East Broadway New York, NY 10002

Investment Highlights:

Meridian Investment Sales is pleased to present the exclusive sale of 42 East Broadway, a four-story, 11,475-square-foot mixed-use commercial building positioned at the gateway of the City Hall retail submarket in Lower Manhattan. Situated on a prominent 50-foot-wide lot between Catherine Street and Market Street, the property spans two retail levels and two office floors, offering both immediate usability and long-term strategic flexibility in one of Downtown’s most transit-rich and high-traffic corridors.

The former home of Shorty Tang’s has been modernized through a multi-million dollar renovation, most recently in 2016, and is currently configured with a newly built-out restaurant space on the lower levels, offering near-turnkey conditions for retail operators. Delivered vacant at closing, the property enables investors or owner-users to immediately capture market-rate demand without delay. The upper floors provide highly functional office space well-suited for a combined retail-and-office occupancy, with projected gross annual income of $860,625 and a net operating income of $551,554 at stabilization.

Zoned C6-1G with 9,375 square feet of unused development rights, the property offers meaningful long-term optionality in addition to its in-place commercial value. The City Hall retail submarket continues to demonstrate exceptional fundamentals, with vacancy tightening to 3.0% as of Q4 2025 — well below its five- and ten-year averages — zero new supply delivered over the past year, and market rents averaging $93 per square foot. With no rent stabilization exposure, vacant delivery, and significant air rights, 42 East Broadway represents a rare turnkey retail and office opportunity in one of New York City’s most enduringly resilient commercial corridors.