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80 Pine Street

Bushburg Secures $320 Million Loan From Deutsche Bank And BridgeCity Capital For Manhattan Office
FINANCEDOffice

Bushburg Secures $320 Million Loan From Deutsche Bank And BridgeCity Capital For Manhattan Office

80 Pine Street

$320,000,000

$320,000,000/SF

Building Size

1 SF

Asset Type

Office

Closing

Jul 28, 2025

AI

The property asset involved in the transaction is identified as an office located at 80 Pine Street in Manhattan. The loan amount secured for this asset is $320,000,000, structured as a note.

Summary of transaction details:

The transaction involves notable individuals including Christian Sewing and Louis Lebovits, representing the lending institutions Deutsche Bank and BridgeCity Capital, respectively. The landlord involved in this transaction is Bushburg, with representation from Morris Betesh, Alex Bailkin, and Matt OHanlon, all affiliated with Arrow Real Estate Advisors, highlighting the key players behind this closed transaction.

Players

Morris Betesh

Arrow Real Estate Advisors

Broker

$14.2B

vol

238 deals

Broker
Arrow Real Estate Advisors
Arrow Real Estate AdvisorsBrokerage
Louis Lebovits

Louis Lebovits

BridgeCity Capital

Lender

$1.5B

vol

53 deals

Lender
BridgeCity Capital
BridgeCity CapitalLender

New York Office Market Snapshot

Boundary boundary · Office · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.05%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93