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New York & Tri-State  + Downtown New York + New York  + Finance  |  August 21, 2023
Emily Fu
By: Emily Fu

Derby Copeland Capital Provides $10M to Buy SoHo Mixed-Use Property 

Derby Copeland Capital (DCC), a NYC-based real estate investment platform, has finalized a $9.85 million loan for the acquisition of a mixed-use property at 414-416 West Broadway in Soho. The property was purchased for $13.2 million.  

The building encompasses four floors, including recently upgraded rental apartments, an office space, and a ground-floor retail area with a connected basement. The property’s stable rental income from renovated apartments and the potential for growth in the unimproved sections attracted DCC to the investment opportunity.  

The sale was facilitated by Marcus & Millichap on behalf of the seller Valroge Corporation. 

Read More News Stories About: Marcus & Millichap
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Inside The Story

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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