8 addresses new to distressed properties list

From left: 2 Rector Street and 100 John Street (source: PropertyShark)

Two properties joined the top 10 delinquent loans list for April, according to Trepp data. An office building at 2 Rector Street came in at number four with a $100 million loan balance, tying with the Dream Hotel at 210 West 55th Street, while the Renaissance multi-family building at 100 John Street hit the list at number eight, with an $84 million loan balance.

Of the 48 New York City defaulted commercial properties that were 60 days or more delinquent in April, there were eight new entries from a month prior (click here to see the March delinquencies).

Stuyvesant Town and Peter Cooper Village once again topped Trepp’s list after making their debut on the list last month. The 110-building development has a loan balance of $3 billion. Harlem residential complex Riverton Apartments once again assumes a distant second-place position this month, with a $225 million loan balance.

Five properties exited the list this month: 290 Madison Avenue; 2445 Frederick Douglass Boulevard; 503 West 150th Street; the Allstate Building at 2275 Coleman Street in Marine Park, Brooklyn and 2-14 & 16 West Mount Eden Avenue in he Mount Eden area of the Bronx.

TRD

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