Benenson Capital Partners Acquires Retail Condo At 542 Broadway In Soho Manhattan For $22.5M
542 Broadway
$22,500,000
$3,280/SF
Building Size
6,858 SF
Asset Type
Retail
Closing
Oct 20, 2025
AI
The retail condo located at 542 Broadway in Soho, Manhattan was sold for $22,500,000. This property encompasses a total area of 6,858 square feet, resulting in a price per square foot of $3,280.
Summary of transaction details:
- Property Type: Retail Condo
- Transaction Amount: $22,500,000
- Address: 542 Broadway
- Market: Soho, Manhattan
- Buyer: Benenson Capital Partners
- Seller: Bastien Broda - 109Co.
- Tenant: New Balance
- Title Insurance: Jim Reichert & Bob Shapiro - Kensington Vanguard National Land Services
- Square Footage: 6,858
- Price per Square Foot: $3,280
The key players in this transaction include the buyer, Benenson Capital Partners, and the seller, Bastien Broda of 109Co. Additionally, the title insurance was handled by Jim Reichert and Bob Shapiro from Kensington Vanguard National Land Services.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.71%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93