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414 416 West Broadway

RYCO Capital Sells Mixed-Use Property At 414-416 West Broadway SoHo For $19.5M
SOLDMixed-use

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:

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

Michael Gembecki

Cushman & Wakefield

Broker

$449.8M

vol

35 deals

Broker
RC
Ryco CapitalSeller

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