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Acquisitions

Hidrock Properties buys 72 Nassau Street

72 Nassau Street (Credit: CoStar)

Hidrock Properties has acquired 72 Nassau Street in FiDi from the estate of David Baldwin for $36 million, according to property records. The corner development site allows for the construction of 120,660 square feet.

  • Worth Noting: The site is currently home to a 32,107 square-foot mixed-use residential and retail building. Although it’s zoned commercial (C5), the property benefits from being located in Lower Manhattan’s Special District, allowing for a residential component. 
  • Acquisition financing: The Hidary family’s Hidrock secured a $28 million loan from Citizens Bank to close the deal.
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