Baupost's Seth Klarman Provides $400M Equity Loan For 200,000 SF Multifamily In West Village

Located in the West Village, the multifamily property at 570 Washington St. was recently involved in a closed transaction. With a total square footage of 200,000, this property offers a significant opportunity in the market.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $400,000,000
• Address: 570 Washington St.
• Market: West Village

The deal was facilitated by Baupost, with Seth Klarman representing the lending side. The loan provided for this transaction was an equity loan amounting to $400,000,000. On the other hand, Atlas Capital, led by Jeff Goldberger, Arthur Zeckendorf, Will Zeckendorf, and Artie Zeckendorf, acted as the landlord in this transaction. Newmark brokers Jordan Roeschlaub and Dustin Stolly played significant roles, representing the parties involved in the deal.