BridgeInvest Provides $35M Acquisition Loan For Mixed-Use Property At 580 Broadway In Manhattan

580 Broadway, New York City, New York 10012, United States

$35,000,000

$247/SF

Building Size

141,645 SF

Asset Type

Mixed-use

Closing

Mar 17, 2022

AI

The mixed-use property located at 580 Broadway in Manhattan has undergone a recent transaction on March 18, 2022. This property spans a total area of 141,645 square feet, making it an attractive asset for potential buyers.

Summary of transaction details

Property Type: Mixed-use
Transaction Amount: $35,000,000
Address: 580 Broadway
Market: Manhattan
Lender: BridgeInvest
Brokers: Justin Natalizio, Eric Michael Anton, Matthew Polci, and Steven Buchwald - Marcus & Millichap

In this acquisition deal, BridgeInvest provided a loan amounting to $35,000,000. The loan enabled the buyer to secure the mixed-use property and proceed with the transaction. Justin Natalizio, Eric Michael Anton, Matthew Polci, and Steven Buchwald, all representing Marcus & Millichap, played crucial roles as brokers in facilitating this deal.

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