Brookfield, Qatar Investment Authority, borrow $479M from Bank of China for rental tower in Hudson Yards

Brookfield Property Partners and Qatar Investment Authority through the entity BOP MW Residential Market LLC as borrower signed a loan agreement with lender Bank of China valued at $479 million for 2 parcels, including the tax class commercial condo recorded in Acris (CC) and containing 844 residential units at The Eugene at 3 Manhattan West at 435 West 31st Street in Hudson Yards. The deal closed on December 27, 2019 and was recorded on January 3, 2020.
The property contains a total of square feet of built space.
The average loan per unit is $567,536.
The loan includes $33 million in new debt and covers the two residential units in the tower, one affordable and one market rate.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link