16 East 39 Street
Grand Central, Manhattan
Parcel ID (BBL): 1008680064
Owner: Mcsam Hotel Group
Acquired: December 14, 2023, $51.3 million
Debt: December 18, 2023, $215.4 million
Built: 2018
SF: 82,634
Dwelling units: 0
No. of buildings: 1
Class: Luxury Type – Built After 1960 (H2)
Floors: 22
Legacy BBLs: 1008680064
Transactions:
• None borrowed $215.4 million from Oak Hill Advisors for 16 East 39th Street, 292 5th Avenue, 25 West 51st Street, and 25 West 51st Street, Grand Central, Manhattan on December 18, 2023.
• M&R Hotel Management sold 16 East 39th Street, Grand Central, Manhattan for $51.3 million to None on December 14, 2023.
• McSam Hotel Group borrowed $75 million from Oak Hill Advisors for 16 East 39th Street, Garment District, Manhattan on July 13, 2021.
• PIMCO on March 08, 2021 bought a loan with an original principal of $67.5 million from Deutsche Bank, secured by 16 East 39th Street, Garment District, Manhattan, when owned by McSam Hotel Group.
Development:
• Jorge Garcia filed plans for alteration in Grand Central, Manhattan, on October 20, 2025.
• Sam Marino filed plans for alteration in Grand Central, Manhattan, on December 19, 2024.
• Jigs Gandhi filed plans for alteration in Grand Central, Manhattan, on September 17, 2019.
• Eddie Gazheli filed plans for alteration in Grand Central, Manhattan, on June 13, 2018.
• Eddie Gazheli filed plans for alteration in Grand Central, Manhattan, on May 12, 2018.
Litigation:
• Crescent Hotels & Resorts filed a $383,408 lawsuit against McSam Hotel Group on August 03, 2021,seeking a money judgment related to management contractat 16 East 39 Street.
• PIMCO filed a $7.2 million lawsuit 651930/2021 against Sam Chang, Samir Gandhi on March 23, 2021,seeking a judgment related to loanat 16 East 39 Street.
• Omnibuild filed a $4.1 million lawsuit 650938/2021 against Sam Chang on February 10, 2021,seeking a money judgment related to mechanic’s lien at 16 East 39 Street.
Violations:
According to city public data, the properties have not received any significant violations in the last year.