17 Precinct Stationhouse

Owner: Hps Investment Partners

Acquired: March 27, 2023, $265.9 million

Debt: October 13, 2021, $220 million

Built: 1960

Renovated: 1997

SF: 574,675

Dwelling units: 0

No. of buildings: 1

Class: Tower Type (O4)

Floors: 20

Transactions:

• Chetrit Organization sold 850 3rd Avenue, Midtown East, Manhattan for $265.9 million to HPS Investment Partners on March 27, 2023.

• Chetrit Organization borrowed $220 million from HPS Investment Partners for 850 3rd Avenue, Midtown, Manhattan on October 13, 2021.

Development:

• Domenic Rauccio filed alteration job M01246049 for 27,502 sqft COM building with 0 apartments in Midtown East, Manhattan, on March 27, 2026.

• Domenic Rauccio filed alteration job M01246060 for 16,029 sqft COM building with 0 apartments in Midtown East, Manhattan, on March 24, 2026.

• Domenic Rauccio filed alteration job M01366943 for 4,100 sqft building with 0 apartments in Midtown East, Manhattan, on March 06, 2026.

• Domenic Rauccio filed alteration job M01366660 for 630 sqft building with 0 apartments in Midtown East, Manhattan, on March 06, 2026.

• Domenic Rauccio filed alteration job M01363346 for 6,876 sqft building with 0 apartments in Midtown East, Manhattan, on March 05, 2026.

Litigation:

• Jacob Chetrit filed a $1.7 million lawsuit 652725/2023 against HPS Investment Partners on June 06, 2023,seeking a money judgment related to contractat 850 3 Avenue.

Latest Stories:

• Chetrit Org. paid HPS $35M as part of 850 Third deed-in-lieu transfer: suit (June 07, 2023)

• HPS Investment Partners acquires 850 Third from Chetrit Org, $265.9M transfer amount (March 28, 2023)

• Chetrit Organization refis tower with $220M from hedge fund HPS, prior debt had been in “imminent default” (October 13, 2021)

• Chetrit Group files plans for a $3M rehab of 850 Third in Plaza District (April 22, 2020)