583 Broadway (The Astor Building)

The twelve-story building runs through the block from Broadway to Mercer Street, giving many residences double exposures and two means of access. The mid-1990s conversion created 22 residential condominiums on expansive loft floor plates — many over 4,000 square feet — with ceilings reaching roughly 14 feet. The penthouse level spans more than 7,000 square feet.

The building is full-service for a loft conversion: a 24-hour doorman/concierge, two separate elevator banks serving the Broadway and Mercer entrances, a common laundry room, resident storage, and a common roof deck.

583 Broadway operates as a staffed loft condominium with a 24-hour doorman/concierge. With only 22 residential units carrying full-time staffing and the systems of a landmark building, common charges reflect both. Illustrative common charges on the large floor-through residences have run in the range of roughly $4,300 to $7,500 per month depending on apartment size; specific figures should be confirmed at the unit level. As with any loft conversion, buyers should review the offering plan, financials, board minutes, and any reserve study during diligence.

This is a full-service landmark loft. A 24-hour doorman, two elevator banks, through-block floor plates, and a roof deck — an unusually complete package for a SoHo loft building.

The floor plates are large. These are big, light-filled lofts; underwrite the carrying cost (common charges plus taxes) on the full square footage, which is substantial.

Underwrite a historic conversion properly. Review financials, reserves, and the condition of the façade, roof, and building systems during diligence.

Condo flexibility is real. 30–45 day closings; pied-à-terre, investor, and foreign-buyer use permitted; subletting allowed under the declaration. Plan for the typical 20% minimum down.

Mansion tax cliffs apply. At these price points the $1M through $10M+ thresholds routinely apply — run the Mansion Tax Calculator.

Lead with the package and the provenance. The 24-hour service, the through-block lofts, the landmark Beaux-Arts façade, and the New Museum history are all part of the story.

Price to the building's own comps. With 22 units, the persuasive evidence is 583 Broadway's own trades adjusted for floor, exposure, and finish, supplemented by the prime-SoHo full-service loft set.

Reach the global loft buyer. Demand for large, full-service SoHo lofts is international; marketing should reach cross-border as well as domestic buyers.

If you're considering 583 Broadway, also evaluate:

• 40 Mercer Street — full-service SoHo luxury condominium nearby
• 93 Greene Street and 57 Greene Street — cast-iron and masonry loft condominiums in the heart of SoHo
• 250 West Street — full-service TriBeCa loft-conversion condominium
• 10 Sullivan Street — design-led new-development condo at the SoHo border

The Roebling Team at Compass works the prime downtown market — Greenwich Village, SoHo, and the full-service loft segment in particular. We publish this profile because buyers and sellers of landmark loft condominiums deserve building-specific intelligence — the architecture, the floor plates, and apartment-level pricing — not generic market commentary.

If you're considering a purchase or sale at 583 Broadway, a 30-minute consultation is the right starting point. We'll bring the full context this page provides plus the transactional specifics your situation requires.