Masterworks Development
(Masterworks)
4 Bryant Park, Suite 502 New York, NY 10018
Masterworks Development NYC portfolio
$243.6 million -hotel 67%, condo 32%; Manhattan 100%*
803th largest portfolio by dollar value
345,858 sqft – hotel 69%, condo 30%; Manhattan 100%
1055th largest by SF
3 properties – Manhattan 100%
2594th largest
Notes
Website: Masterworks is a value-added real estate investor and developer with expertise in operationally intensive and complicated projects.
Company Activity past 24 months:
Borrower company: 2 for $135 million
Latest Stories:
• Masterworks Development signs $60M refi for hotel in Grand Central, up from $50M (May 13, 2024)
• Masterworks Development paid $64M to McSam Hotel Group (August 09, 2019)
• Masterworks Development obtained financing of $36M from M&T Bank (August 09, 2019)
Properties:
