Office building with commercial space · SoHo, Manhattan
428 Broadway
New York, NY 10013
428 Broadway is a 6-floor office building with commercial space in SoHo, Manhattan, built in 1889, with about 36,000 square feet of office space according to city records.
Also at 428-432 Broadway and 37-41 Howard Street.
- Office space
- 36K SF
- Floors
- 6
- Year built
- 1889
- Zoning
- M1-5/R9X
The 42nd largest of the 42 office buildings we track in SoHo. Compare it with 6 neighbors
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Compared with its neighbors
How 428 Broadway compares
Next to the 6 nearest large office buildings, all within a 2 minute walk, 428 Broadway is the smallest by office floor area. It went up in 1889; the median neighbor dates from 1882. Its estimated property tax, about $16.82 a square foot of floor area before abatements, is below the neighbors' median of $19.71.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 428 Broadway | 36K SF | 6 | 1889 | $16.82 | Feb 2005, $22.5M |
| 434 Broadway | 46K SF | 9 | 1896 | $22.99 | Jan 2020, $98.3M |
| 433 Broadway | 37K SF | 7 | 2012 | $17.15 | n/a |
| 261 Canal Street | 70K SF | 6 | 1857 | $12.03 | May 2026, $36M |
| 22 Howard Street | 44K SF | 6 | 1866 | $22.28 | n/a |
| 148 Lafayette Street | 118K SF | 13 | 1930 | $30.73 | May 2025, $106M |
| 451 Broadway | 50K SF | 5 | 1869 | $13.33 | n/a |
Sources: NYC Department of City Planning, PLUTO 26v2 for size, floors and year built; NYC Department of Finance 2026/27 roll for tax (taxable value times the class rate, before abatements, over the whole floor area); ACRIS for the last deed that moved the whole lot for a real price (a price for several lots is their combined price; condominiums sell by the unit and show n/a). Large means at least 35,000 SF of the building's main use. Walking times are straight-line estimates.
NYC tax lot records
Building facts
- Other addresses
- 428-432 Broadway; 37-41 Howard Street
- ZIP code
- 10013
- Building type
- Office building with commercial space (city class O5)
- Total floor area
- 42,000 SF
- Commercial floor area
- 42,000 SF
- Office
- 35,727 SF
- Retail
- 6,273 SF
- Height
- 6 floors
- Average floor
- About 7,000 SF (floor area divided by floors)
- Year built
- 1889
- Last major alteration
- 1998
- Lot area
- 7,945 SF
- Zoning district
- M1-5/R9X
- Built FAR
- 5.29
- Max commercial FAR
- 5
- Historic district
- SoHo-Cast Iron Historic District Extension
- Tax lot (BBL)
- 1002090005
Nearest subway
- Canal St
- Canal St
- Spring St
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-05; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-05. Floor areas are the city's estimates for the whole building, not available space. Walking times are straight-line estimates. How we build these pages. Something wrong on this page? Tell us.
NYC storefront registry (Local Law 157)
Storefronts and vacancy
Owners registered one storefront at 428 Broadway for December 31, 2024, the newest annual filing the city has published, and it stood vacant that day.
- Storefronts registered for December 31, 2024
- 1
- Vacant that day
- 1
- Share vacant across SoHo
- 8.3%
- Share vacant along Broadway
- 12.7%
- Share vacant citywide
- 8.7%
Vacant on December 31, by year
Own or lease out a storefront at 428 Broadway? Listing it is free, and it is matched against every active requirement for retail space in SoHo the day it goes up.
Source: NYC Department of Finance, Storefronts Reported Vacant or Not (Local Law 157), annual filings for 2019 to 2024, pulled 2026-10-08. Owners of buildings with ground- or second-floor storefronts register each one every year with its status on December 31; counts are by tax lot, as the owners filed them. The 2024 filing was due June 3, 2025, so a storefront vacant then may have been leased since. A vacant storefront is not always on the market, and none here is listed on Leasemark unless it shows above.
NYC Department of Finance records
Property tax and assessed value
For tax year 2026/27 the city values 428 Broadway at $15.5 million and assesses it at $6.99 million. After phase-ins and exemptions its taxable value is $6.51 million; at the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists) that comes to about $706,299 a year before abatements, roughly $16.82 per square foot of floor area. Commercial leases here often pass a tenant's share of tax increases over a base year through as additional rent.
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $15,536,000
- Land market value
- $1,890,000
- Assessed value
- $6,991,200
- Taxable value (phased in)
- $6,510,870
- Estimated yearly tax
- About $706,299
- Tax per SF of floor area
- About $16.82
City market value by tax year
Source: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll), pulled 2026-10-08; tax rate from the Department of Finance tax rates page, checked 2026-09-28. The estimate is the taxable value times the class rate. It leaves out abatements, payment-in-lieu-of-taxes agreements and charges, so the actual bill can differ.
Own or manage 428 Broadway? List a space here free and we match it against every active requirement.
NYC property records (ACRIS)
Sales history
428 Broadway last sold in February 2005 for $22.5 million, according to the deed recorded with the city. 428 BROADWAY ASSOCIATES, L.P. sold it to THE SUSPENDERS BUILDING LLC. That comes to about $536 per square foot of floor area.
- Last sale (deed date)
- February 24, 2005
- Price
- $22,500,000
- Price per SF of floor area
- About $536
- Seller
- 428 BROADWAY ASSOCIATES, L.P.
- Buyer
- THE SUSPENDERS BUILDING LLC
- Deed recorded
- April 13, 2005
- ACRIS document
- 2005030300440001
Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-08; prices as the deeds state them, names as recorded (companies and public bodies only). Shown are deeds that move the whole lot for a real price. Transfers between related companies for a nominal sum, sales of partial interests, land sales before the building went up and sales of the company that owns a building are left out.
NYC Department of Buildings permits
Work permits and build-outs
In the 12 months to October 2026, the Department of Buildings issued first permits for 2 jobs at 428 Broadway. In the last two years, interior work was permitted on 2 floors (floors 1 and 2). The newest build-out, on floor 1, was first permitted in June 2026 (construction, mechanical; filed cost estimate $100,000).
- New jobs, last 12 months
- 2
- Initial permits, last 12 months
- 5
- Newest job first permitted
- June 2026
- Interior build-outs, last 24 months
- 2
- Floors with interior work, last 24 months
- 1 and 2
Recent build-outs
New jobs by year
Build-outs across SoHoWhere NYC offices are being built out
Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-08 (permits issued through 2026-10-06). A job counts once, when its first permit is issued; renewals are not new work. A build-out groups jobs on the same floors first permitted within 120 days of each other. Costs are the estimates filed with the jobs. Jobs filed before DOB NOW (in the older BIS system) are not counted. A permit is approval to do the work; it does not say who the work is for or whether it is finished.
Landmarks Preservation Commission records
Architecture and history
428 Broadway was designed by Samuel A. Warner and built in 1888-1889 in the Queen Anne style. It stands in the SoHo-Cast Iron Historic District Extension, so exterior changes and new signage go through the Landmarks Preservation Commission.
- Architect
- Samuel A. Warner
- Constructed
- 1888-1889
- Style
- Queen Anne
- Primary material
- Brick
- Built as
- Store and lofts
Source: NYC Landmarks Preservation Commission, Individual Landmark and Historic District Building Database on NYC Open Data, pulled 2026-10-08. A designation can cover part of a lot, such as a facade or a lobby interior.
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Questions about 428 Broadway
How big is 428 Broadway?
428 Broadway has about 42,000 square feet of floor area in total, including 36,000 square feet of office and 6,000 square feet of retail, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.
When was 428 Broadway built?
The Landmarks Preservation Commission's building records date 428 Broadway to 1888-1889, designed by Samuel A. Warner. The building is 6 floors tall.
Who designed 428 Broadway?
Samuel A. Warner, according to the Landmarks Preservation Commission's building records, which list the style as Queen Anne and its original use as store and lofts.
What other addresses does 428 Broadway have?
City records list 428-432 Broadway and 37-41 Howard Street on the same tax lot (BBL 1002090005) as 428 Broadway. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 428 Broadway?
428 Broadway is in ZIP code 10013, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 428 Broadway, New York, NY 10013, in SoHo.
What is the zoning at 428 Broadway?
The lot is in the M1-5/R9X zoning district. PLUTO lists a built floor area ratio (FAR) of 5.29 and a maximum commercial FAR of 5 for this lot. It is inside the SoHo-Cast Iron Historic District Extension, so exterior changes go through the Landmarks Preservation Commission.
What subway station is closest to 428 Broadway?
The closest subway station to 428 Broadway is Canal St (the 6, J, N, Q, R, W and Z trains), about 150 feet away in a straight line, roughly 1 minute on foot. The MTA lists it as an accessible station. Also nearby: Canal St (the A, C and E trains), 5 min walk; Spring St (the 6 train), 6 min walk. Walking times are straight-line estimates; the street route is longer.
When was 428 Broadway last sold?
428 Broadway last sold in February 2005 for $22.5 million, according to the deed recorded with the city. 428 BROADWAY ASSOCIATES, L.P. sold it to THE SUSPENDERS BUILDING LLC. That comes to about $536 per square foot of floor area. The deed is ACRIS document 2005030300440001 (BBL 1002090005) in the city's property records. A sale of the company that owns a building is not recorded as a deed, so it would not show there.
Is there construction at 428 Broadway?
In the 12 months to October 2026, the Department of Buildings issued first permits for 2 jobs at 428 Broadway. In the last two years, interior work was permitted on 2 floors (floors 1 and 2). The newest build-out, on floor 1, was first permitted in June 2026 (construction, mechanical; filed cost estimate $100,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1002090005. A permit is approval to do the work; it does not say who the work is for or whether it is finished.
What are the property taxes at 428 Broadway?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $6.51 million for 428 Broadway. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $706,299 a year, roughly $16.82 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1002090005 show the actual bill.
What is the assessed value of 428 Broadway?
For tax year 2026/27, the NYC Department of Finance puts the market value of 428 Broadway at $15.5 million ($1.89 million of it land) and its assessed value at $6.99 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 25% from 2022/23 ($12.4 million) to 2026/27.
Are there vacant storefronts at 428 Broadway?
Owners registered one storefront at 428 Broadway for December 31, 2024, the newest annual filing the city has published, and it stood vacant that day. These are the owners' filings with the Department of Finance under Local Law 157, so a storefront vacant on December 31, 2024 may have been leased since. Owners and brokers can list a storefront on Leasemark for free.
Is there office space for lease at 428 Broadway?
No space at 428 Broadway is listed on Leasemark right now. Owners and brokers can list space here for free, and tenants can post a requirement to be matched when space opens up.
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