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280 Bleecker Street

Ryco Capital Sells Mix-Use Property At 280 Bleecker Street For $9.25M With Meridian Capital Group
SOLDMultiFamily

Ryco Capital Sells Mix-Use Property At 280 Bleecker Street For $9.25M With Meridian Capital Group

280 Bleecker Street

$9,250,000

$2,198/SF

Building Size

4,208 SF

Asset Type

MultiFamily

Closing

Apr 22, 2026

AI

The transaction involves a mixed-use asset located at 280 Bleecker Street in the West Village, comprising 3 apartments and 1 store. The sale price was $9,250,000, with a price per unit of $2,312,500 and a total square footage of 4,208, resulting in a price per square foot of $2,198.

Summary of transaction details:

  • Property Type: Mix-use (3 Apartments + 1 Store)
  • Transaction Amount: $9,250,000
  • Units: 4
  • Price Per Unit: $2,312,500
  • Square Footage: 4,208
  • Price Per Square Foot: $2,198
  • Seller: Ryco Capital - Edward Robertson, James Ryan & Paola Juncos
  • Seller's Representative: David Schechtman & Jonathan Schwartz - Meridian Capital Group
  • Buyer's Representative: Rob Sharfstein - RPS Capital Management

The involved parties include Ryco Capital, represented by Edward Robertson, James Ryan, and Paola Juncos. David Schechtman and Jonathan Schwartz from Meridian Capital Group acted as the sellers' representatives, while Rob Sharfstein from RPS Capital Management represented the buyer in this transaction.

Players

David Schechtman

Meridian Capital Group

Broker

$1.8B

vol

68 deals

Broker
James Ryan

James Ryan

Ryco Capital

Seller

$35.2M

vol

4 deals

Seller
RC
Ryco CapitalSeller

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.71%

Cash-on-Cash

-0.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93