Sales | The Real Deal New York

The Real Deal New York

Deal sheet    Single Deal
Sales
  • Event Sales
  • Address 47 East 34th Street
  • Price $ 54,000,000
  • Borough Manhattan
  • Neighborhood Garment District
  • Publication Date 12/01/2011
notes
CIM Group, which owned the defaulted note with a $93.2 million judgment, took control of the tower for $54 million. IStar Financial sold CIM the $84 million senior mortgage debt this year, after a final judgment was issued against the previous owner, Esplanade Capital. BridgeStreet Corporate Housing currently uses the building for extended-stay residences.