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70 Broad Street

Rialto Capital Advisors Acquires Mixed-Use Property At 70 Broad Street From Winta Asset Management For $20M
SOLDMixed-use

Rialto Capital Advisors Acquires Mixed-Use Property At 70 Broad Street From Winta Asset Management For $20M

70 Broad Street

$20,000,000

$1,026/SF

Building Size

19,478 SF

Asset Type

Mixed-use

Closing

Mar 13, 2025

AI

The property asset involved in this transaction is a mixed-use building located at 70 Broad Street in New York City. The total transaction price for the asset was $20,000,000.00, encompassing a square footage of 19,478.0.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $20,000,000.00
  • Address: 70 Broad Street
  • Market: New York City
  • Buyer: Rialto Capital Advisors
  • Seller: Winta Asset Management

The transaction involved Rialto Capital Advisors as the buyer and Winta Asset Management as the seller. These companies played crucial roles in facilitating the sale and management of the property throughout the transaction process.

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

0.79%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93