127 East 48 Street
Midtown East, Manhattan
Parcel ID (BBL): 1013030014
Owner: Constellation Hotels Holding Limited
Debt: April 09, 2026, $230 million
Built: 1926
Renovated: 1982
SF: 443,607
Dwelling units: 0
No. of buildings: 1
Class: Luxury Type – Built Prior to 1960 (H1)
Floors: 14
Transactions:
• Constellation Hotels Holding Limited and InterContinental Hotels Group borrowed $230 million from National Bank of Kuwait for 518 Lexington Avenue, Midtown East, Manhattan on April 09, 2026.
• Constellation Hotels Holding Limited borrowed $230 million from National Bank of Kuwait for InterContinental New York Barclay at 111 East 48th Street, Plaza District, Manhattan on April 24, 2020.
Development:
• Michael Palumbo filed major alteration job 121854323 for 420,950 sqft R-1 building with 706 apartments in Midtown East, Manhattan, on November 26, 2013.
• Michael Palumbo filed major alteration job 104888588 for J-1 building in Midtown East, Manhattan, on August 31, 2007.
• Michael Palumbo filed alteration job M01268653 for 1 sqft building with 705 apartments in Midtown East, Manhattan, on August 19, 2025.
• Michael Palumbo filed alteration job M00927932 for 1,158 sqft 70 building with 706 apartments in Midtown East, Manhattan, on November 21, 2023.
• Michael Palumbo filed alteration job M00917651 for 1,170 sqft 70 building with 706 apartments in Midtown East, Manhattan, on November 21, 2023.
• Michael Palumbo filed alteration job M00928124 for 1,158 sqft 70 building with 705 apartments in Midtown East, Manhattan, on November 20, 2023.
• Michael Palumbo filed alteration job M00928128 for 1,158 sqft 70 building with 705 apartments in Midtown East, Manhattan, on November 20, 2023.
Violations:
According to city public data, the properties have received $2,040 in OATH penalties in the last year.