HAB Bank affiliate pays $28M to Children’s Aid Society for property in Grand Central

An affiliate of HAB Bank through the entity RSH Properties LLC paid the Children’s Aid Society $28.3 million for 150 East 45th Street in Grand Central. The deal closed on April 24, 2020, and was recorded on April 28, 2020. The transaction consists of 1 parcel, including the tax class office building with seven to 19 stories (O3). The property is 32,540 square feet.

The sale went into contract March 13, 2020. The signatory for the buyer was Saleem Iqbal, CEO of HAB Bank. The buying entity is registered at 99 Madison Avenue, the headquarters for HAB Bank.

HAB Bank, a New York-based community bank, was formerly known as Habib American Bank. There had been a dispute over the sale in 2017 when Eric Meyer’s Meyer Equities was planning to buy it for $28 million. Harry Macklowe had once sought to buy the building.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000. There was one renovation/alteration project (A2) applied for with a total estimated value of $64,784.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link