Historic cast-iron building in Soho once owned by William Waldorf Astor asks $17M

Posted On Wed, January 27, 2021 By

Posted On Wed, January 27, 2021 By In Cool Listings, Historic Homes, Soho

 All photos courtesy of Douglas Elliman

A 19th-century custom-designed Soho building once owned by William Waldorf Astor is on the market for $17 million. Located at 435 Broome Street, the Victorian Gothic building was built in 1873 by famed architect William Appleton Potter and features five tall loft stories framed by exterior cast-iron colonnettes and capitals. As the listing describes, the property, located between Broadway and Crosby Street, is the “perfect multi-functioning property for retail, office, or residential mixed-use.”

As Daytonian in Manhattan reported, Catherine Wilkins, one of the first women in the city to become a real estate developer, acquired the property at 435 Broome Street and hired Potter to design a new loft building. Potter, known for his work on Princeton University buildings, added many unique design elements to the facade, including Italianate columns and slender cast-iron sunflowers on the frieze.

The building was sold in 1898 to William Waldorf Astor, founder of the Waldorf Astoria and great-grandson of Jacob Astor, for $75,000. After leasing the building to leather bag maker Freund Bros. & Co. and leather trunk company A. Lercher, the Astor family sold the building in 1925. After being home to a number of commercial tenants over the years, the property later housed some cultural and arts organizations, including the gallery the Puffin Room until 2010.

Currently, 435 Broome is set up as three residential lofts, one commercial loft showroom, ground floor retail space, and a lower level with a sub-basement. The ground floor features 15-foot ceilings and a deep floorplate. The building will be delivered vacant.

According to the listing, additional air-rights are available to develop a sixth-floor, but any project must be approved by the Landmarks Preservation Commission as the building sits within the Soho Cast-Iron Historic District.

[Listing details: 435 Broome Street at CityRealty]

[At Douglas Elliman by Louis Puopolo and Lori Barbaria]

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All photos courtesy of Douglas Elliman

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Neighborhoods : Soho

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