Citigroup Provides $180M Recapitalization Loan For 1551 Broadway Retail In Midtown Manhattan

The property at 1551 Broadway in Midtown Manhattan was part of a commercial real estate transaction involving a retail asset. The loan for the deal, totaling $180,000,000, was provided by Citigroup for the purpose of recapitalization. The landlord of the property is Jeff Sutton, with the representation of brokers Henry Stimler, Anthony Orso, Clifford Welden, and Bill Weber from Newmark.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $180,000,000
• Address: 1551 Broadway
• Market: Midtown Manhattan

The key individuals involved in this transaction include Clifford Welden, Anthony Orso, Jeff Sutton, Henry Stimler, and William Bill Weber. Henry Stimler, Anthony Orso, Clifford Welden, and Bill Weber represented the deal as brokers from Newmark.