Thor Equities Acquires Retail Space At 440 Broadway In Soho Manhattan For $6.6M
440 Broadway
$6,500,000
$1,126/SF
Building Size
5,771 SF
Asset Type
Retail
Closing
Apr 5, 2026
About this deal
AI
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.
On the Map
$6,500,000
$1,126/SF
Retail
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Players
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93