1008860030

Owner: Yoel Zagelbaum

Acquired: January 19, 2022, $29.9 million

Debt: March 01, 2023, $30.2 million

Built: 1908

Renovated: 2017

SF: 51,953

Dwelling units: 17

No. of buildings: 1

Class: Transient Occupancy-Midtown Mn Area (H3)

Floors: 12

Transactions:

• Company sold 161 Lexington Avenue, 161 Lexington Avenue, 161 Lexington Avenue, and 161 Lexington Avenue, Kips Bay, Manhattan for $0 to company on May 10, 2024.

• Yoel Zagelbaum borrowed $30.2 million from Mizuho Bank for 161 Lexington Avenue, Kips Bay, Manhattan on March 01, 2023.

• Apple Core Hotels sold 161 Lexington Avenue, Kips Bay, Manhattan for $29.9 million to Slate Property Group on January 19, 2022.

• Slate Property Group borrowed $25 million from BCTH Investors for 161 Lexington Avenue, Kips Bay, Manhattan on January 19, 2022.

• Apple Core Holdings borrowed $5 million from M&T Bank for 161 Lexington Avenue, Kips Bay, Manhattan on October 08, 2021.

Development:

• Amandeep Singh filed plans for alteration in Kips Bay, Manhattan, on July 09, 2024.

• John Valladares filed plans for SC in Kips Bay, Manhattan, on June 06, 2023.

• David Schwartz filed plans for alteration in Kips Bay, Manhattan, on August 08, 2022.

• Amandeep Singh filed plans for alteration in Kips Bay, Manhattan, on April 22, 2022.

• Amandeep Singh filed plans for alteration in Kips Bay, Manhattan, on April 22, 2022.

Violations:

According to city public data, the properties have received three DOB violations in the last year.

Latest Stories:

• Slate Property affiliate pays $29.9M to Apple Core Hotels for homeless shelter in Kips Bay (January 20, 2022)