322 Pearl Street

Owner: Slate Property Group

Acquired: December 19, 2023, $24.1 million

Debt: December 19, 2023, $19.2 million

Built: 2002

SF: 27,356

Dwelling units: 0

No. of buildings: 1

Class: Transient Occupancy-Midtown Mn Area (H3)

Floors: 9

Transactions:

• Slate Property Group borrowed $19.2 million from Mizuho Bank for 320 Pearl Street, Financial District, Manhattan on December 19, 2023.

• KSL Capital Partners and Hersha Hospitality Trust sold 320 Pearl Street, Financial District, Manhattan for $24.1 million to Slate Property Group on December 19, 2023.

• Hersha Hospitality Trust borrowed $17.3 million from Citibank for 320 Pearl Street, Seaport, Manhattan on July 24, 2020.

Development:

• Sam Chang filed new building job 102631449 for J-1 building with 65 apartments in Financial District, Manhattan, on May 22, 2000.

• David Schwartz filed major alteration job M01006411 for 23,372 sqft J-1 building with 65 apartments in Financial District, Manhattan, on March 04, 2024.

• Tahir Bhutta filed alteration job M01097257 for 200 sqft building with 1 apartments in Financial District, Manhattan, on August 18, 2024.

• David Schwartz filed alteration job M01072035 for 468 sqft J-1 building with 79 apartments in Financial District, Manhattan, on July 18, 2024.

• David Schwartz filed alteration job M01019244 for 2,922 sqft J-1 building with 65 apartments in Financial District, Manhattan, on March 19, 2024.

• David Schwartz filed alteration job M00989741 for 2,922 sqft J-1 building with 65 apartments in Financial District, Manhattan, on February 02, 2024.

• Allan Lawrence filed alteration job M00384297 for 3,731 sqft R-1 building with 79 apartments in Financial District, Manhattan, on December 16, 2020.

Violations:

According to city public data, the properties have received $6,250 in ECB penalties and $6,250 in OATH penalties in the last year.

Latest Stories:

• Slate pays $24.1M to KSL, Hersha for Hampton Inn building in FiDi (December 20, 2023)