HY30-67 Owner LP borrows $71M from JPMorgan Chase for 30 Hudson Yards space

HY30-67 Owner LP as borrower signed a loan agreement with lender JPMorgan Chase Bank valued at $71 million for 1 parcel, including the tax class commercial condo recorded in Acris (CC) at 30 Hudson Yards in Hudson Yards. The deal closed on February 19, 2021 and was recorded on March 19, 2021.
The property contains a total of 31,035 square feet of built space.
The average loan per buildable square foot is $2,288.
The financing includes a $21.5 million gap loan. The owner entity is in care of the law firm Withersworldwide. The owner bought the condo unit 1305 from Oxford Properties Group for $99 million in 2019.
The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building on August 28, 2018.

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