SOLDMixed-use
70 Broad Street Owner, LLC Acquires Mixed-Use Asset In Financial District For $9.35M
70 Broad Street
$9,350,000
$480/SF
Building Size
19,478 SF
Asset Type
Mixed-use
Closing
Sep 25, 2026
About this deal
AI
The asset involved in the transaction is a mixed-use property located at 70 Broad Street in the Financial District. The sale price was $9,350,000, and the property spans 19,478 square feet, resulting in a price per square foot of $480.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $9,350,000
- Address: 70 Broad Street
- Market: Financial District
- Buyer: 70 Broad Street Owner, LLC
- Seller: Rialto Capital
- Buyer's Representative: Louis Franco & Joseph Isa - Isa Realty Group
- Seller's Representatives: Dylan Walsh, Bryan Hurley, Jeremy Stern & Kieran Baker - Cushman & Wakefield
- Buyer's Attorney: Eric S. Schoenfeld & Esq. - Tannenbaum Helpern Syracuse & Hirschtritt LLP
- Square Footage: 19,478
- Price per Square Foot: $480
The transaction was characterized by a competitive bidding environment, drawing multiple all-cash buyers, which facilitated an immediate closing. The collaboration between Isa Realty Group and Cushman & Wakefield ensured that the most competitive buyer was secured, aligning perfectly with the seller's timeline.
On the Map
$9,350,000
$480/SF
Mixed-use
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Players
Rialto 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
1.70%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93