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BridgeInvest Provides $35M Acquisition Loan For Mixed-Use Property At 580 Broadway In Manhattan

580 Broadway
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This Mixed-use property located in NY received a loan of $35,000,000 about 2 years ago. The brokers of the deal were Matthew Polci, Justin Michael Natalizio, and Steven Buchwald

The mixed-use property located at 580 Broadway in Manhattan has undergone a recent transaction on March 18, 2022. This property spans a total area of 141,645 square feet, making it an attractive asset for potential buyers.

Summary of transaction details

In this acquisition deal, BridgeInvest provided a loan amounting to $35,000,000. The loan enabled the buyer to secure the mixed-use property and proceed with the transaction. Justin Natalizio, Eric Michael Anton, Matthew Polci, and Steven Buchwald, all representing Marcus & Millichap, played crucial roles as brokers in facilitating this deal.

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Deals
  • Location
    580 Broadway, New York City, New York 10012, United States580 Broadway, New York City, New York 10012, United States
  • Loan Value
    $35,000,000$35,000,000
  • Asset Type
    Mixed-useMixed-use
  • Parties
    3 Brokers, 2 Agencies, 1 Lender3 Brokers, 2 Agencies, 1 Lender

Agents

Steven Buchwald

Steven Buchwald

Deals18
Financed$804.4M

Agencies

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

Institutional Property Advisors

Institutional Property Advisors

Agency
Deals519
Volume$16.9B

BridgeInves & An Overseas Lender

BridgeInves & An Overseas Lender

Lender
Deals2
Volume$ 2B

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Deal Summary

LOAN IMAGE: Matthew Polci, Steven Buchwald, Eric Michael Anton & Justin Natalizio DATE: 03/18/2022 ADDRESS: 580 Broadway MARKET: Manhattan ASSET TYPE: Mixed-use ~ SF: 141,645 LENDER: BridgeInvest BROKERS: Justin Natalizio (@Sir_Natalizio), Eric Michael Anton (@EricMichaelAnton), Matthew Polci (@IdolciPolci) & Steven Buchwald (@AgentBuch6) - Marcus & Millichap (@MMCapCorp) LOAN AMOUNT: $35,000,000 LOAN TYPE: Acquisition

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580 Broadway

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