facebook
Traded Co logo
Submit
Daily limit: 0/10

Benenson Capital Partners Acquires Retail Condo At 542 Broadway From Bastien Broda For $23M

Property Image
SOLD
$23,000,000
Benjamin (Ben) Lushing
Avery Silverstein

New York

See Similar Deals
Retail7,225 SF
Sold 10/29/2025
the dealplayerscompscontact
Property Image
SOLD

Benenson Capital Partners Acquires Retail Condo At 542 Broadway From Bastien Broda For $23M

542 Broadway

See Similar Deals
Retail7,225 SF
Sold 10/29/2025
Benjamin (Ben) Lushing
Avery Silverstein
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$3,183
Total Square Footage:7,225 SF
Transaction Type:Sale

The property involved in the transaction is a fully leased retail condo located at 542 Broadway in SoHo, Manhattan. The sale price for the asset was $23,000,000, and it encompasses a total area of 7,225 square feet, resulting in a price per square foot of $3,183.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $23,000,000
  • Address: 542 Broadway
  • Market: Manhattan
  • Square Footage: 7,225
  • Price per Square Foot: $3,183
  • Buyer: Benenson Capital Partners
  • Seller: Bastien Broda - 109Co
  • Brokers: Avery Silverstein, Brett Siegel & Benjamin Lushing - Newmark

New Balance is the tenant occupying the retail condo at the time of sale, indicating an established rental agreement within the property. The brokerage team from Newmark facilitated this transaction, representing both the buyer and the seller in the deal.

Players

Avery Silverstein
Newmark
Avery Silverstein
65 deals$15.1B volume(212) 850-5432
BROKER
Benjamin (Ben) Lushing
Newmark
Benjamin Lushing
18 deals$3.1B volume
BROKER
Newmark
Newmark
BROKERAGE
BP
Benenson Capital Partners
BUYER
109Co
109Co
SELLER

Details

SOLD
IMAGE: Bastien Broda, Avery Silverstein, Brett Siegel & Benjamin Lushing DATE: 10/29/2025 ADDRESS: 542 Broadway MARKET: Manhattan ASSET TYPE: Retail BUYER: Benenson Capital Partners SELLER: Bastien Broda - 109Co BROKERS: Avery Silverstein (@Avery.Morgan810), Brett Siegel (@BSieges) & Benjamin Lushing (@BenLushing) - Newmark (@Newmark) SALE PRICE: $23,000,000 SF: 7,225 ~ PPSF: $3,183 NOTE: Bastien Broda’s 109Co is selling the fully leased retail condo at 542 Broadway in SoHo to Benenson Capital Partners for $23 million. New Balance is the tenant of the condo.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,226,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$81,714.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$109,031.73
Annual Debt Service$1,308,380.81