facebook


Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Condo

/

Sale

/

414 West Broadway

Updated Dec 4, 2024

James D. Ryan III's RYCO Capital Acquires Retail And Office Condo In SoHo, Manhattan For $13.2M
SOLDCondo

James D. Ryan III's RYCO Capital Acquires Retail And Office Condo In SoHo, Manhattan For $13.2M

414 West Broadway

$13,200,000

$953/SF

Building Size

13,850 SF

Asset Type

Condo

Closing

Aug 8, 2023

About this deal

AI

Ryco Capital's West Lake 414-416 West Broadway LLC has acquired a retail and office condo at 414 West Broadway in SoHo, Manhattan. The property, sold by Valerie Berk's Valroge Corporation, was purchased for a total price of $13.2 million. The condo spans a total area of 13,850 square feet, resulting in a price per square foot of $953.

Summary of transaction details

  • Property Type: Condo (Retail & Office)
  • Transaction Amount: $13,200,000
  • Address: 414 West Broadway, SoHo, Manhattan
  • Buyer: James D. Ryan III - RYCO Capital
  • Seller: Valerie Berk
  • Square Footage: 13,850 SF
  • Price per Square Foot: $953

The acquisition of the retail and office condo at 414 West Broadway was made by Ryco Capital's West Lake 414-416 West Broadway LLC. The company, led by James D. Ryan III, completed the purchase from Valerie Berk's Valroge Corporation for a total of $13.2 million. This strategic move expands Ryco Capital's presence in the SoHo, Manhattan market and offers potential opportunities for future growth and development.

On the Map

Open live map

$13,200,000

$953/SF

Condo

View full map

Players

James D. Ryan III

Buyer

$52.5M

vol

4 deals

Buyer
RC
Ryco CapitalBuyer

Valerie Berk

Seller

$26.4M

vol

2 deals

Seller
Bilt advertisement

New York Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

Loading comparables…

Deal FAQ

About $953 per square foot on a published $13.2M for 13,850 square feet (2023).

Visit Valerie Berk to view all their deals.

Browse New York condo sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.20%

Cash-on-Cash

-0.34%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets