Maddd Equities Secures $42.5M Refinance Loan For Bridgemarket In Upper East Side, Manhattan
401 East 59th Street
Retail
100,000 SF
100,000 SF
Financed 254 days ago
Summary
The New York-based real estate firm, Maddd Equities, has secured a $42.5 million loan to refinance its Bridgemarket property located at 401 E 59th Street, in the Upper East Side of Manhattan. The unique 100,000 sq ft marketplace, situated at the corner of East 59th Street and First Ave, offers a prime retail space for businesses.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $42,500,000
- Address: 401 E 59th Street
- Market: Upper East Side, Manhattan
- Square Footage: 100,000 sq ft
- Landlord: Maddd Equities - Jorge Madruga
- Broker: Brad Domenico - Progress Capital
- Loan Type: Refinance
Brad Domenico of Progress Capital played a crucial role in arranging the loan for Maddd Equities' Bridgemarket property. The deal provides financial stability and the opportunity for Maddd Equities to further enhance the marketplace's offerings and attract a diverse range of retailers.
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401 East 59th Street
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