New York City · Commercial sale
428 Broadway Owner buys 428 Broadway in Manhattan for $47 million
An office building at 428 Broadway, Manhattan sold for $47,000,000 on August 19, 2026. See the seller and buyer net sheets for this sale.
What would your home net? Get a free New York City seller net sheet Agents: send a branded net sheet like this to your seller, free
- Sale price
- $47,000,000
- Sold
- August 19, 2026
- Property type
- Office building
- Building area
- 42,000 sq ft
- Price per sq ft
- $1,119
- Year built
- 1889
The $47,000,000 sale of an office building at 428 Broadway was 3 times its $15,536,000 market value on record, according to the New York City Department of Finance's ACRIS property records. The building sold on August 19, 2026.
The record lists MS Soho Holding LLC, AI Soho Investors LLC and JCK Soho Holding LLC as the seller. It names 428 Broadway Owner LLC as the buyer.
NYC Department of Finance records show 42,000 square feet of building area, a build year of 1889 and a 7,945-square-foot lot. Based on the recorded building area, the price works out to $1,119 per square foot.
This summary was written by AI from public sales records and checked by automated rules. The figures come from the record and the NetSheet.org rules engine. How we make these.
What were the closing costs in New York City?
By our estimate, the seller's two largest charges, not counting prorations, were $1,233,750 for the nYC real property transfer tax (commercial/other) and $188,000 for the nY State real estate transfer tax. Who pays what follows New York City custom.
How much did the seller net?
By our estimate, the seller netted about $46,128,192. That is before any broker commissions and any loan payoff.
How much cash did the buyer bring to closing?
A cash buyer would need about $47,810,835 at closing. That covers the full price and closing costs.
Source: NYC Department of Finance, ACRIS (NYC Open Data), document 2026082800783003. Property details: NYC Department of Finance. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.
