16 East 39 Street
Grand Central, Manhattan
Parcel ID (BBL): 1008680064
Owner: Mcsam Hotel Group
Acquired: December 14, 2023, $51.3 million
Debt: December 18, 2023, $215.4 million
Built: 2018
SF: 82,634
Dwelling units: 0
No. of buildings: 1
Class: Luxury Type – Built After 1960 (H2)
Floors: 22
Legacy BBLs: 1008680064
HPD Ownership Registration Information
Last registered: 2024-10-12 (expires 2025-09-01)
Justin Shultz
Head Officer
300 Centerville Road Warwick, RI, 02886
Ascend Operating Llc
Corporate Owner
300 Centerville Road Warwick, RI, 02886
Jose Espino
Agent
16 East 39th Street New York, NY, 10016
Transactions:
• None borrowed $215.4 million from Oak Hill Advisors for 16 East 39th Street, 292 5th Avenue, 25 West 51st Street, and 25 West 51st Street, Grand Central, Manhattan on December 18, 2023.
• M&R Hotel Management sold 16 East 39th Street, Grand Central, Manhattan for $51.3 million to None on December 14, 2023.
• McSam Hotel Group borrowed $75 million from Oak Hill Advisors for 16 East 39th Street, Garment District, Manhattan on July 13, 2021.
• PIMCO on March 08, 2021 bought a loan with an original principal of $67.5 million from Deutsche Bank, secured by 16 East 39th Street, Garment District, Manhattan, when owned by McSam Hotel Group.
Development:
• Jorge Garcia filed plans for alteration in Grand Central, Manhattan, on October 20, 2025.
• Sam Marino filed plans for alteration in Grand Central, Manhattan, on December 19, 2024.
• Jigs Gandhi filed plans for alteration in Grand Central, Manhattan, on September 17, 2019.
• Eddie Gazheli filed plans for alteration in Grand Central, Manhattan, on June 13, 2018.
• Eddie Gazheli filed plans for alteration in Grand Central, Manhattan, on May 12, 2018.
Litigation:
• Crescent Hotels & Resorts filed a $383,408 lawsuit against McSam Hotel Group on August 03, 2021,seeking a money judgment related to management contractat 16 East 39 Street.
• PIMCO filed a $7.2 million lawsuit 651930/2021 against Sam Chang, Samir Gandhi on March 23, 2021,seeking a judgment related to loanat 16 East 39 Street.
• Omnibuild filed a $4.1 million lawsuit 650938/2021 against Sam Chang on February 10, 2021,seeking a money judgment related to mechanic’s lien at 16 East 39 Street.
Violations:
According to city public data, the properties have not received any significant violations in the last year.