125 West 28 Street
Chelsea, Manhattan
Parcel ID (BBL): 1008040022
Owner: Concord Hospitality
Acquired: March 23, 2023, $48.4 million
Debt: March 23, 2023, $32.5 million
Built: 2012
SF: 55,411
Dwelling units: 0
No. of buildings: 1
Class: Transient Occupancy-Midtown Mn Area (H3)
Floors: 18
Transactions:
• Concord Hospitality borrowed $32.5 million from Western Alliance Bank for 123 West 28th Street, Chelsea, Manhattan on March 23, 2023.
• Robert Chun sold 123 West 28th Street, Chelsea, Manhattan for $48.4 million to Concord Hospitality on March 23, 2023.
• PDOF DNP 2 Q2 21 New York, LLC on March 24, 2022 bought a loan with an original principal of $29 million from Bank of Hope, signed by Bill Lee, secured by 123 West 28th Street, Chelsea, Manhattan, when owned by Robert Y. Chun|Philip Y. Chun.
Development:
• Robert Chun filed plans for A3 in Chelsea, Manhattan, on March 29, 2012.
• Robert Chun filed plans for alteration in Chelsea, Manhattan, on June 11, 2009.
• Joe Kim filed plans for A3 in Chelsea, Manhattan, on March 18, 2013.
• Robert Chun filed plans for alteration in Chelsea, Manhattan, on April 04, 2012.
• Robert Chun filed plans for alteration in Chelsea, Manhattan, on June 10, 2009.
Violations:
According to city public data, the properties have received $3,635 in OATH penalties in the last year.