565 Broome Soho Condominium

The Building

Fine Print

What's Specific to It

• A robotic garage: cars are dropped off on the ground floor, carried up by a turntable and lift, and parked on trays by a preprogrammed system. There are 23 parking licenses, and valet attendants work 16 hours a day.
• Private pools: four duplexes have heated salt-water pools on their 16th-floor terraces, and the two penthouses have pools on the main roof. They're designed for use from April 1 to November 15.
• A nonprofit neighbor in the building: The Door, A Center of Alternatives, Inc. will own a unit in the cellars with a basketball court. It enters through its own building, uses none of the condo's staff, and pays only its share of insurance.
• The sponsor can rent instead of sell: the plan only commits to selling the 15% of units needed to declare it effective, so owners might never control the board.
• You help buy the super's apartment: each buyer pays a share of the $2.95 million price of the resident manager's unit (expected to be N5J) at closing, plus transfer taxes on that share.

565 Broome SoHo sits on a site bounded by Varick, Broome and Watts Streets, in the Special Hudson Square District on SoHo's western edge, with the residential entrance and a gated driveway on Broome Street. Its offering plan tells you what's in the apartments, who runs the building and what it was projected to cost.

Fine Print Worth Knowing

• Owners may never control the board: the sponsor can rent unsold units rather than sell them. It controls both boards until it sells every unit or five years pass from the first closing, and during that time the boards can't change staffing, sign new service contracts or borrow without its consent.
• Resale and leasing limits: for a year after closing you need the sponsor's written approval to sell. Leases must run one to two years, and the board has a right of first refusal on sales and leases.
• Parking and storage are licenses: you can only sell them to another owner. If no owner wants yours when you sell your home, you must give it back to the board.
• Sponsor events: for up to ten years after the first closing, the sponsor can use the common areas for sales events at no charge. It also keeps rights to put communications equipment on the roof and facade and keep the income.
• Closing costs: buyers pay the city and state transfer taxes, a $4,000 fee to the sponsor's closing counsel, and the mansion tax on homes of $1 million or more.
• Development rights: the sponsor keeps any unused air rights and may sell them to neighbors, which could affect views. It says it won't use them to add floors.
• Floor names: floors are marketing labels, not the numbers filed with the Department of Buildings. The names skip from 12 to 16.

FAQ

Does 565 Broome SoHo have parking?

Yes. An automated garage holds about 23 cars, sold as licenses to apartment buyers for about $12.05 million in total. You drop your car off in the courtyard, and a turntable and lift take it up to storage. Valets work 16 hours a day, and the licensees pay the whole roughly $300,000 yearly cost of running it.

Is there a pool?

Yes. Residents share a two-lane indoor salt-water lap pool about 55 feet long, next to a sauna and steam room, with lifeguards budgeted through American Leisure. Four 16th-floor duplexes and the two penthouses also have their own heated salt-water pools on their terraces.

What is The Door Unit?

The Door, A Center of Alternatives, Inc. owns the building just to the east. It sold the sponsor a building on Broome Street and development rights, and it will own a unit in the cellars with a basketball court. It enters through its own building, uses its own staff and utilities, and pays only its share of the condo's insurance.

Where this comes from: the building's offering plan (CD150190) as filed with the New York Attorney General, including its cover page, Special Risks, Introduction, Description of Property and Improvements, the architect's Description of Property, Schedule A notes, Schedule B, Management Agreement and Identity of Parties. Prices are the sponsor's offering prices, not sales, and budget figures are the sponsor's first-year projections. Later amendments may change them. Updated October 2026.