BLDG Management Refinances Inwood Retail Building With $11.6M Loan From M&T Bank

A retail building located at 4951 Broadway in Inwood, Manhattan has obtained an $11.6 million refinance loan from M&T Bank. The property, with a building square footage (BSF) of 34,568 and a rentable square footage (SF) of 30,189, is owned by BLDG Management, represented by BLDG Oceanside LLC. The loan was provided by Hunter Noah from M&T Bank.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $11,631,153
• Property Address: 4951 Broadway, Inwood, Manhattan
• Market: Inwood, Manhattan
• BSF: 34,568
• SF: 30,189

BLDG Management, led by Lloyd Goldman, is the landlord of the retail building at 4951 Broadway. M&T Bank, through their representative Hunter Noah, provided the $11.6 million refinance loan for the property. This loan will allow BLDG Management to strengthen their financial position and invest in the ongoing maintenance and development of the retail building.