125 West 28 Street

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

HPD Ownership Registration Information

Last registered: 2021-07-15 (expires 2022-09-01)

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.

Latest Stories:

• Concord Hospitality pays $48.4M to Robert Chun for hotel in Chelsea (March 24, 2023)