IPA Capital Markets, a division of Marcus & Millichap that specializes in providing capital markets services to major private and institutional clients, recently finalized the $50 million refinancing of a Class A mixed-use office and retail property located at 580 Broadway in Manhattan’s SoHo neighborhood. Matthew Polci, Steven Buchwald, and Rachael Krawiecki successfully secured the financing for this newly renovated property.
According to Buchwald, who emphasized the diversity within New York City’s office market, “580 Broadway is proof that high-quality buildouts and well-designed spaces in vibrant locations like SoHo can attract tenants quickly and command premium rents.”
Situated between Houston Street and Prince Street on 12 floors, this property has already leased over half of its available space. With its full-block presence spanning from Broadway to Crosby Street offering exceptional views due to its unique height for the area as noted by IPA Capital Markets.
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