150 Pin High, LLC obtained financing of $10M from Capital One

150 Pin High, LLC as borrower signed a loan agreement with lender Capital One, National Association valued at $10.0 million for 1 parcel, including the tax class loft with more than eight stories (mid-Manhattan type with or without stores) (L1) at 150 West 30 Street in Chelsea. The deal closed on July 11, 2019 and was recorded on August 01, 2019.
The property contains a total of 216,841 square feet of built space.
The average loan per buildable square foot is $46.
The last time the property sold was July 25, 2006, for $7,666,667.
The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building on May 30, 2017.
Over the past five years, there have been 42 NYC Department of Buildings permit applications filed for this parcel. There were 42 renovation/alteration projects (A2) applied for with a total estimated value of $5,016,560.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link