Benenson Capital Partners Acquires Retail Condo At 542 Broadway In Soho Manhattan For $22.5M
SOLD
$22,500,000
New York
See Similar DealsRetail6,858 SF
Sold 10/21/2025
SOLD
Benenson Capital Partners Acquires Retail Condo At 542 Broadway In Soho Manhattan For $22.5M
542 Broadway
See Similar DealsRetail6,858 SF
Sold 10/21/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$3,280
Total Square Footage:6,858 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,200,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$79,937.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$106,661.48
Annual Debt Service$1,279,937.75
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