Korean lender Shinhan Investment wants to sell its $60 million mezzanine loan on the Public Hotel on the Lower East Side, the Commercial Observer reported.
Cushman & Wakefield’s Adam Spies, Jared Kelso and Dan O’Brien are marketing the mezz loan.
The 367-room hotel has been closed since late March.
The 28-story, 254,700-square-foot building at 215 Chrystie Street also includes 11 luxury condominium residences at the top of the building. One of them, a 4,200-square-foot, four-bedroom penthouse unit is up for sale with an asking price of $32 million. The largest unit, a 4,300-square-foot, three-bedroom penthouse, sold in 2018 for $19 million. [CO] — Akiko Matsuda