From left: Matthew Van Damm and 306 West 48th Street (building credit: Jeff Bachner for the New York Daily News)

Apartments in a revived Hell’s Kitchen tower that is among the city’s skinniest will hit the rental market today, the New York Daily News reported. Town Residential is listing the 122 units at 306 West 48th Street and prices start at $2,800 for a studio, $3,900 for a one-bedroom and $7,000 for a unit with two bedrooms.

As The Real Deal previously reported the units in the 43-story building were originally slated to be sold as condominiums when developed in 2007 by a partnership between Esplanade Capital, Time Square Construction and Navillus Contracting. [more]

PB Capital, the American subsidiary of Deutsche Postbank, was granted a receiver last month to oversee Sorrento New York, a stalled 43-story condominium and extended-stay hotel that is the subject of an $84 million foreclosure suit. The Ismael Levya-designed tower, at 306 West 48th Street, was developed by Manhattan-based Esplanade Capital led by Jay Eisenstadt and David Scharf. Investors Donald and Kevin O‘Sullivan were named as the guarantors of $84 million in loans for the newly constructed project, which was scheduled to include extended-stay housing under the BridgeStreet Worldwide hotel brand…. [more]