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50 West Street

50 West Street
New York, NY 10006
212-206-6097
Residential, Sales, Condo, Multifamily

The sponsor(s) filed plans on 11/27/13 for a condo project at 50 West Street with 182 residential units. The sponsor(s) were approved to market the units for sale on 05/16/14. TRData has determined that the sponsor(s) have sold more than 80 percent of the sponsor units in the building.

  • Address 50 West Street
  • neighborhood Financial District
  • borough Manhattan
  • owner Time Equities
  • developer Time Equities
  • owner entity 50 WEST DEVELOPMENT LLC
  • architect Slce Architects
  • sales/marketing Time Equities Brokerage, LLC
  • PLANS DISCLOSED 11/27/2013
  • dob permit issued 06/16/2008
  • tco issued 12/30/2016
  • DOB FILE PLANS 11/08/2007
  • DOB FILE Link
  • LIST/LAUNCH SALES 05/16/2014
  • height in feet 778
  • floors 64
  • AG Initial Price $ 1,154,760,924
  • ag file plans 11/27/2013
  • AG FILE Link
  • residential units 182
  • commercial units 15
  • hotel units 0
  • total units 209
  • square feet 428,472
  • const. status BUILDING COMPLETE
  • block and lot 1-00017-7501
  • BIN 1090192
  • Event Financing
  • Address 50 West Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 450,000
  • Price $ 30,000,000
  • Publication Date 05/07/2018
  • Event Date 04/19/2018
  • Party 1 Time Equities
  • Party 2 MidFirst Bank
notes
The owner secured a $30 million condo inventory loan backed by four penthouse units for the Financial District building.
  • Event Financing
  • Address 50 West Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Price $ 95,000,000
  • Publication Date 11/13/2017
  • Event Date 11/09/2017
  • Party 1 Time Equities
  • Party 2 First Republic Bank
notes
The owner secured a $95 million financing loan for the 64-story condo tower.
  • Event Financing
  • Address 50 West Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Publication Date 10/01/2013
  • Event Date 08/22/2013
  • Party 1 Time Equities
  • Party 2 PNC Bank, Wells Fargo, Elliott Management
notes
A $400 million construction loan was provided for the development. The debt financing came from PNC Bank, which led a $288 million loan syndication that also includes Wells Fargo and other major banks. Time Equities also secured $110 million in equity financing from hedge fund management firm Elliott Management for the tower. 63-story apartment building.

06/01/2018
That’s the situation GFI Development is facing at its 68-unit condo conversion of 5 Beekman Street. Four years after launching sales, the developer still has 15 units left, or about 22 percent of the project. Meanwhile, the Claremont Group still has 36 percent of its 52 units at its conversion of the prewar 101 Wall Street, and Time Equities’ 50 West Street still has nearly 28 percent of its 191 units remaining...

05/01/2014
From left: Dottie Herman of Douglas Elliman, a townhouse at 22 East 64th Street, a penthouse at 250 West Street and Pam Liebman of From left: Dottie Herman of Douglas Elliman, a townhouse at 22 East 64th Street, a penthouse at 250 West Street and Pam Liebman of...

03/14/2014
One of the largest deals arranged by Ackman-Ziff, led by Simon Ziff, was a $275 million loan for the leasehold financing of the Milford Hotel, at 700 Eighth Avenue between 44th and 45th streets. One of HFF’s big deals was a $110 million loan on LCOR’s 25 Broad Street, while a large deal for Singer & Bassuk was a $300 million loan on Rose Associates’ 70 Pine Street in Lower Manhattan. And finally the largest public deal arranged by Cushman & Wakefield was a $288 million construction loan at Time Equities’ 50 West Street in Lower Manhattan...