121 East 47 Street
Midtown East, Manhattan
Parcel ID (BBL): 1013020021
Owner: Holiday Inn Club Vacations
Acquired: November 07, 2025, $20 million
Debt: November 22, 2022, $42 million
Built: 1927
Renovated: 1988
SF: 92,501
Dwelling units: 0
No. of buildings: 1
Class: Transient Occupancy-Midtown Mn Area (H3)
Floors: 17
Transactions:
• Timeshares Only sold 501-507 Lexington Avenue, Midtown East, Manhattan for $20 million to Holiday Inn Club Vacations on November 07, 2025.
• Timeshare Acquisitions sold 501-507 Lexington Avenue, Midtown East, Manhattan for $30.3 million to Holiday Inn Club Vacations on January 29, 2024.
• Timeshare Acquisitions borrowed $42 million from Western Alliance Bank for 501 Lexington Avenue, Midtown East, Manhattan on November 22, 2022.
• Roger Smith Hotel sold 501-507 Lexington Avenue, Midtown East, Manhattan for $41.4 million to Timeshare Acquisitions on February 25, 2022.
• Timeshare Acquisitions borrowed $34 million from Western Alliance Bank for 501-507 Lexington Avenue, Midtown East, Manhattan on February 25, 2022.
Development:
• Rajesh Nair filed plans for alteration in Midtown East, Manhattan, on June 03, 2025.
• Rajesh Nair filed plans for alteration in Midtown East, Manhattan, on November 15, 2024.
• Piotr Siwiec filed plans for alteration in Midtown East, Manhattan, on January 19, 2024.
• Timeshare Acquisitions filed plans for alteration in Midtown East, Manhattan, on November 28, 2023.
• Robert Reavy filed plans for alteration in Midtown East, Manhattan, on November 28, 2023.
Litigation:
• Phoebe Knowles and James Knowles filed a $3.2 million lawsuit 656639/2022 against Namdar Realty Group on June 06, 2022,seeking a money judgment related to loanat 501 Lexington Avenue.
Violations:
According to city public data, the properties have received $7,010 in OATH penalties in the last year.