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
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