Derby Copeland Capital has successfully secured a $9.85 million loan for the acquisition of a mixed-use property located at 414-416 West Broadway in Soho. The total cost of the property was $13.2 million.
The four-story building features an elevator and spans over 13,396 square feet, offering a mix of recently renovated rental apartments, one unrenovated apartment, one office space, and ground-floor retail space with an attached basement.
The sale was facilitated by Marcus & Millichap on behalf of the seller Valroge Corporation.
This transaction marks another successful investment for Derby Copeland Capital in New York City’s thriving real estate market.
