1013030053
Midtown East, Manhattan
Parcel ID (BBL): 1013030053
Acquired: February 06, 2023, $153.4 million
Debt: February 06, 2023, $166.5 million
Transactions:
• Hawkins Way Capital and Varde Partners borrowed $166.5 million from Madison Realty Capital for 525 Lexington Avenue, Midtown East, Manhattan on February 06, 2023.
• Deka Immobilien sold 525 Lexington Avenue, Midtown East, Manhattan for $153.4 million to Hawkins Way Capital and Varde Partners on February 06, 2023.
Development:
• Karan Suri filed plans for alteration in Midtown East, Manhattan, on April 24, 2024.
• Lucio Gil Rumaldo filed plans for alteration in Midtown East, Manhattan, on March 04, 2024.
• Karan Suri filed plans for alteration in Midtown East, Manhattan, on September 25, 2023.
• Karan Suri filed plans for SC in Midtown East, Manhattan, on August 17, 2023.
• Hawkins Way Capital filed plans for major alteration for 426,995 sqft in Midtown East, Manhattan, on March 30, 2023.
Litigation:
• Deka Immobilien filed a $1 million lawsuit 1:24-cv-03829 against Hawkins Way Capital and Varde Partners on May 17, 2024,seeking a money judgment related to contractat 525 Lexington Avenue.
• Deka Immobilien filed a $1 million lawsuit 651969/2024 against Hawkins Way Capital and Varde Partners on April 15, 2024,seeking a money judgment related to contractat 525 Lexington Avenue.
• DekaBank filed a $53 million pre-foreclosure 850008/2021 on February 09, 2021, against Ashkenazy Acquisition at 525 Lexington Avenue.