Madison Realty Capital Provides $70M Acquisition Loan For 260 South St. In Lower East Side- Two Bridges

A mixed-use property located at 260 South St in the Lower East Side, Two Bridges neighborhood has been involved in a recent transaction. The property spans approximately 1,300,000 square feet and includes various types of spaces.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $70,000,000
• Date: 04/01/2022
• Address: 260 South St
• Market: Lower East Side, Two Bridges
• Lender: Madison Realty Capital - Josh Zegen
• Landlord: The Chetrit Group - Joe Chetrit
• Broker: Henry Bodek - Galaxy Capital

The loan for this transaction was provided by Madison Realty Capital, with Josh Zegen overseeing the deal. The Chetrit Group, represented by Joe Chetrit, acted as the landlord. Henry Bodek, from Galaxy Capital, served as the broker for this acquisition.