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

Property Image
SOLD
$19,500,000
Robert Burton
Michael Gembecki
Bobby Carrozzo
+ 1

New York

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Mixed-use11,849 SF
Sold 04/04/2025
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Property Image
SOLD

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

414 416 West Broadway

See Similar Deals
Mixed-use11,849 SF
Sold 04/04/2025
Robert Burton
Michael Gembecki
Bobby Carrozzo
+ 1
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$1,645
Total Square Footage:11,849 SF
Transaction Type:Sale

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
Michael Gembecki
34 deals$440.3M volume(212) 660-7743
BROKER
Robert Burton
Cushman & Wakefield
Robert Burton
35 deals$618M volume
BROKER
Bobby Carrozzo
Cushman & Wakefield
Bobby Carrozzo
36 deals$434.7M volume
BROKER
Evan Lush
Cushman & Wakefield
Evan Lush
9 deals$126.1M volume(212) 318-9769
BROKER
RC
Ryco Capital
SELLER

Details

SOLD
IMAGE: Robert Burton, Michael Gembecki, Bobby Carrozzo, Evan Lush, James Ryan & Edward Robertson DATE: 04/04/2025 ADDRESS: 414-416 West Broadway MARKET: SoHo, Manhattan ASSET TYPE: Mixed-use SELLER: RYCO Capital SELLER'S REP: Bobby Carrozzo (@Bobby_Carrozzo), Michael Gembecki, Robert Burton (@Downtown_Soho_Investment_Sales) & Evan Lush (@Evan_Lush) - Cushman & Wakefield (@CushWake) SALE PRICE: $19,500,000 SF: 11,849 ~ PPSF: $1,645

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,039,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$69,279.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$92,439.95
Annual Debt Service$1,109,279.38