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    Tessler Developments

    461 Park Avenue South
    New York, NY 10016
    (212) 869-1900
    [email protected]

    Tessler Developments is a real estate development firm that specializes in ultra-luxury condominium projects. Founded and owned by Yitzchak Tessler, the firm made a name for itself with condo conversions in the late 1990s, starting with 66 Leonard Street in TriBeCa and later 150 Nassau Street in the financial district. Among the firms most notable buildings are the historic Textile Building, at 295 Fifth Avenue, as well as the Bryant Park Hotel. Tessler Developments also has educational housing at 55 John Street for Pace University and 1760 Third Avenue for LIM College. One of its more recent developments, the glass tower known as One Seventy-Two Madison, will include a penthouse in reverse massive apartment on one of its lower floors and a 40-foot base to avoid privacy issues in many of the towers other units. Tessler purchased the spot in 2014 and soon raised funds to build the tower. Not all of Tesslers conversions have been successful. Financing issues jettisoned a planned conversion at 1107 Broadway for one of the International Toy Center buildings.

    • Event Sales
    • Address 200 Kent Avenue
    • Neighborhood Williamsburg
    • Borough Brooklyn
    • Square feet 110,000
    • Price $ 77,300,000
    • Publication Date 02/21/2020
    • Event Date 02/19/2020
    • Party 1 Cornell Realty Management, LIVWRK
    • Party 2 Tessler Developments
    The buyer bought a stake in the Williamsburg property for $77.3 million.
    • Event Financing
    • Address 172 Madison Avenue
    • Neighborhood Garment District
    • Borough Manhattan
    • Square feet 89,790
    • Price $ 94,500,000
    The lender issued a loan of $94.5 million for the Garment District property.
    • Event Financing
    • Address 855 Sixth Avenue
    • Neighborhood Penn Plaza
    • Borough Manhattan
    • Publication Date 05/01/2007
    • Event Date 03/22/2007
    • Party 1 Tessler Developments, Chetrit Group
    • Party 2 Fremont Investment & Loan
    • Party 2 Brokerage Fremont Investment & Loan
    • Party 2 Broker Craig Lockard
    A $105.3 million loan was arranged for the block-front parcel. The site will be developed into a 37-story, 500,000-square-foot mixed-use project with high-end retail on the ground and second floors, Class A office space on floors three through 14 and luxury residential units on the upper levels. Development site
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