294 5 Avenue
Penn Plaza, Manhattan
Parcel ID (BBL): 1008320044
Owner: Mcsam Hotel Group
Acquired: December 14, 2023, $76.3 million
Debt: January 13, 2022, $203 million
Built: 2018
SF: 78,211
Dwelling units: 17
No. of buildings: 1
Class: Miscellaneous (H9)
Floors: 21
Legacy BBLs: 1008320044
Transactions:
• McSam Hotel Group sold 292 5th Avenue, Penn Plaza, Manhattan for $76.3 million to company on December 14, 2023.
• McSam Hotel Group borrowed $203 million from Oak Hill Advisors for 292 5th Avenue, 25 West 51st Street, and 25 West 51st Street, Penn Station, Manhattan on January 13, 2022.
Development:
• Jodi Robertson filed plans for alteration in Penn Plaza, Manhattan, on August 08, 2024.
• Sam Chang filed plans for alteration in Penn Station, Manhattan, on December 02, 2021.
• Sam Chang filed plans for alteration in Penn Station, Manhattan, on November 11, 2021.
• Jerod Gallimore filed plans for alteration in Penn Station, Manhattan, on December 12, 2018.
• Jerod Gallimore filed plans for alteration in Penn Station, Manhattan, on June 12, 2018.
Violations:
According to city public data, the properties have received $1,585 in OATH penalties in the last year.