51 East 45 Street

Owner: Pia Investments Ltd.

Debt: January 12, 2021, $37 million

Built: 1924

Renovated: 1997

SF: 598,248

Dwelling units: 0

No. of buildings: 1

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

Floors: 19

HPD Ownership Registration Information

Last registered: 2016-01-20 (expires 2016-09-01)

Transactions:

• PIA Investment Management borrowed $37 million from National Bank of Pakistan for 45 East 45th Street, Grand Central, Manhattan on January 12, 2021.

• PIA Investment Management borrowed $105 million from National Bank of Pakistan for Roosevelt Hotel at 45 East 45th Street, Grand Central, Manhattan on October 20, 2020.

• MSD Partners on June 22, 2020 bought a loan with an original principal of $105 million from JPMorgan Chase Bank, secured by 45 East 45th Street, Grand Central, Manhattan, when owned by Pakistan International Airlines.

Development:

• Jack Ehrgott filed plans for alteration in Grand Central, Manhattan, on February 20, 2024.

• Jack Ehrgott filed plans for alteration in Grand Central, Manhattan, on January 18, 2024.

• Ahmed Bhutta filed plans for alteration in Grand Central, Manhattan, on May 03, 2022.

• Kenneth Buettner filed plans for alteration in Grand Central, Manhattan, on March 18, 2019.

• Kenneth Buettner filed plans for alteration in Grand Central, Manhattan, on March 20, 2019.

Violations:

According to city public data, the properties have received two DOB violations and $8,700 in OATH penalties in the last year.

Latest Stories:

• PIA Investments Ltd. adds $37M from National Bank of Pakistan to Roosevelt Hotel debt (January 13, 2021)

• $105M Roosevelt Hotel debt held by Dell’s MSD refinanced by National Bank of Pakistan (October 21, 2020)

• Michael Dell’s MSD Partners buys $105M in debt on Roosevelt Hotel in Grand Central (June 23, 2020)