Thor Equities Acquires Retail Space At 440 Broadway In Soho Manhattan For $6.6M
SOLD
$6,500,000
New York
See Similar DealsRetail5,771 SF
Sold 04/06/2026
SOLD
Thor Equities Acquires Retail Space At 440 Broadway In Soho Manhattan For $6.6M
440 Broadway
See Similar DealsRetail5,771 SF
Sold 04/06/2026
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$1,126
Total Square Footage:5,771 SF
Transaction Type:Sale
The asset involved in the transaction is a retail property located at 440 Broadway in Soho, Manhattan. This property spans 5,771 square feet and has been sold for $6,600,000, resulting in a price per square foot of $1,144.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,600,000
- Address: 440 Broadway
- Market: Soho, Manhattan
- Square Footage: 5,771
- Price Per Square Foot: $1,144
- Buyer: Thor Equities
- Seller: PNC Midland Loan Services
- Brokers: Zach Redding & Dylan Kane - Colliers
The transaction features key involvement from Thor Equities as the buyer and PNC Midland Loan Services as the seller. The brokers facilitating the deal are Zach Redding and Dylan Kane, representing Colliers in this retail property sale.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$346,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,093.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,813.32
Annual Debt Service$369,759.79
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