242 West 30Th Street LLC obtained financing of $5M from Capital One

242 West 30Th Street LLC as borrower signed a loan agreement with lender Capital One, National Association valued at $5.0 million for 1 parcel, including the tax class loft with more than eight stories (mid-Manhattan type with or without stores) (L1) at 242 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 94,914 square feet of built space.
The average loan per buildable square foot is $53.

The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building on August 29, 2012.
Over the past five years, there have been 15 NYC Department of Buildings permit applications filed for this parcel. There were 15 renovation/alteration projects (A2) applied for with a total estimated value of $1,696,680.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

Share this article