565 Broome Street
565 Broome Soho is a high-friction luxury asset that struggles with post-sponsor liquidity. While the building commands premium pricing ($2,500+ PPSF) and offers high nominal rents, it fails to efficiently capture that value due to chronic transaction delays—with resale units often sitting for 300+ days and rentals vacant for 200+ days. Appreciation is highly stratified: 2020 buyers secured nearly 20% gains, while 2019 buyers are facing flat or negative returns. This is not a yield play or a liquid safe haven; it is a long-term lifestyle purchase where the exit strategy requires patience and significant lead time.
