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
Loading comparables…
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