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

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.