327 West 33 Street

Owner: Arnold & Porter Kaye Scholer Registered

Acquired: October 09, 2025, $36.9 million

Debt: October 09, 2025, $36.2 million

Built: 2013

SF: 120,639

Dwelling units: 0

No. of buildings: 1

Class: Luxury Type – Built Prior to 1960 (H1)

Floors: 22

Transactions:

• Arnold & Porter Kaye Scholer registered borrowed $36.2 million from New York Life Insurance Company for 325 West 33rd Street, Penn Plaza, Manhattan on October 09, 2025.

• Magna Hospitality Group sold 325 West 33rd Street, Penn Plaza, Manhattan for $36.9 million to Arnold & Porter Kaye Scholer registered on October 09, 2025.

• Arnold & Porter Kaye Scholer registered borrowed $30 million from New York Life Insurance Company for 325 West 33rd Street, Penn Plaza, Manhattan on July 12, 2024.

• Magna Hospitality Group borrowed $23.5 million from Wells Fargo for 325 West 33rd Street, Penn Plaza, Manhattan on January 04, 2021.

• Shidler Group sold 325 West 33rd Street, Penn Plaza, Manhattan for $57.4 million to Magna Hospitality Group on January 04, 2021.

Development:

• Jack Chang filed plans for alteration in Penn Plaza, Manhattan, on September 18, 2025.

• Lowell Beebe-Center filed plans for alteration in Penn Station, Manhattan, on June 17, 2021.

• Charles King filed plans for A3 in Penn Station, Manhattan, on January 17, 2012.

• Charles King filed plans for alteration in Penn Station, Manhattan, on May 09, 2011.

• Charles King filed plans for alteration in Penn Station, Manhattan, on January 13, 2012.

Violations:

According to city public data, the properties have received $5,050 in OATH penalties in the last year.

Latest Stories:

• Magna Hospitality acquires from Shidler Group hotel valued at $57.4M in Penn Plaza (January 05, 2021)

• Magna Hospitality borrows $23.5M from Wells Fargo for hotel in Penn Plaza (January 05, 2021)