RYCO Capital Sells Mixed-Use Property At 414-416 West Broadway SoHo For $19.5M
414 416 West Broadway
$19,500,000
$1,645/SF
Building Size
11,849 SF
Asset Type
Mixed-use
Closing
Apr 4, 2025
AI
The property involved in this transaction is a mixed-use asset located at 414-416 West Broadway in the SoHo market of Manhattan. The sale price was $19,500,000, and the property encompasses a total area of 11,849 square feet, resulting in a price per square foot of $1,645.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $19,500,000
- Square Footage: 11,849
- Price per Square Foot: $1,645
- Address: 414-416 West Broadway
- Market: SoHo, Manhattan
- Seller: RYCO Capital
- Seller's Representatives: Bobby Carrozzo, Michael Gembecki, Robert Burton, and Evan Lush - Cushman & Wakefield
This transaction was facilitated by the seller's representatives from Cushman & Wakefield, which included Bobby Carrozzo, Michael Gembecki, Robert Burton, and Evan Lush, who played a significant role in the successful closing of the deal.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.81%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93