316 5 Avenue
Penn Plaza, Manhattan
Parcel ID (BBL): 1008330045
Owner: Cottonwood Group
Debt: January 03, 2023, $30 million
Built: 0
SF: 0
Dwelling units: 0
No. of buildings: 1
Class: Other (Z9)
Legacy BBLs: 1008330045
Transactions:
• Cottonwood Group borrowed $30 million from Cottonwood Group for 316 5th Avenue, Penn Station, Manhattan on January 03, 2023.
• Cottonwood Group borrowed $28 million from Walnut Hill Capital for 316 5th Avenue, Penn Station, Manhattan on March 31, 2022.
• Cottonwood Management borrowed $26 million from Celona Asset Management for 314 5th Avenue, Garment District, Manhattan on July 07, 2020.
Development:
• Kiyoung Lee filed plans for alteration in Penn Station, Manhattan, on March 24, 2014.
• Alex Shing filed plans for alteration in Penn Station, Manhattan, on June 08, 2017.
• Simranpal Singh filed plans for A3 in Penn Station, Manhattan, on September 19, 2017.
• Alex Shing filed plans for alteration in Penn Station, Manhattan, on February 09, 2018.
• Cottonwood Management filed plans for new building for 59,149 sqft in Penn Station, Manhattan, on June 28, 2017.
Violations:
According to city public data, the properties have received two DOB violations and $300 in OATH penalties in the last year.