448 Broadway
Little Italy, Manhattan
Parcel ID (BBL): 1002320006
Owner: Spear Street Capital
Acquired: September 25, 2024, $52 million
Debt: September 25, 2024, $33 million
Built: 1877
Renovated: 1988
SF: 26,312
Dwelling units: 0
No. of buildings: 1
Class: Office with Comm — 1 to 6 stories (O5)
Floors: 5
Transactions:
• Spear Street Capital borrowed $33 million from Ladder Capital for 446 Broadway, Little Italy, Manhattan on September 25, 2024.
• KPG Funds sold 446 Broadway, Little Italy, Manhattan for $52 million to Spear Street Capital on September 25, 2024.
• KPG Funds borrowed $51 million from Ladder Capital for 446 Broadway, Little Italy, Manhattan on April 06, 2022.
Development:
• Alec Sandberg filed plans for alteration in Little Italy, Manhattan, on September 25, 2025.
• Gregory Kraut filed plans for alteration in Little Italy, Manhattan, on December 05, 2022.
• Gregory Kraut filed plans for alteration in Little Italy, Manhattan, on December 05, 2022.
• Gregory Kraut filed plans for alteration in Little Italy, Manhattan, on October 03, 2022.
• Gregory Kraut filed plans for alteration in Little Italy, Manhattan, on August 25, 2022.
Violations:
According to city public data, the properties have received one DOB violation and $1,050 in OATH penalties in the last year.