226 West 47 Street

Owner: Mcsam Hotel Group

Acquired: December 30, 2019, $21.9 million

Debt: July 31, 2026, $29 million

Built: 1923

Renovated: 1989

SF: 33,659

Dwelling units: 0

No. of buildings: 1

Class: Office with Comm — 7 to 19 stories (O6)

Floors: 10

Transactions:

• McSam Hotel Group borrowed $29 million from Preferred Bank for 224-226 West 47th Street, Times Square, Manhattan on July 31, 2026.

• McSam Hotel Group and Gene Kaufman borrowed $28 million from Maxim Capital Group for 224 West 47th Street, Times Square, Manhattan on March 18, 2024.

• Triumph Hotels sold 224 West 47th Street, Times Square, Manhattan for $21.9 million to Gene Kaufman on December 30, 2019.

Development:

• Gerald Barad filed major alteration job 122106318 for 45,878 sqft R-1 building with 96 apartments in Times Square, Manhattan, on September 23, 2014.

• Ulo Barad filed major alteration job 104058332 for COM building in Times Square, Manhattan, on March 14, 2005.

• James Wu filed alteration job M01190668 for building in Times Square, Manhattan, on March 05, 2025.

• Gene Kaufman filed alteration job M01152906 for 1 sqft building with 0 apartments in Times Square, Manhattan, on December 12, 2024.

• Gene Kaufman filed alteration job M01132538 for 5,950 sqft 70 building with 136 apartments in Times Square, Manhattan, on November 13, 2024.

• Gene Kaufman filed alteration job M01135834 for 71 sqft R-1 building with 136 apartments in Times Square, Manhattan, on November 07, 2024.

• Gene Kaufman filed alteration job M01110304 for 15 sqft building with 0 apartments in Times Square, Manhattan, on September 13, 2024.

Violations:

According to city public data, the properties have received one DOB violation and $400 in OATH penalties in the last year.

Latest Stories:

• McSam Hotel Group signs $28M construction loan for hotel in Times Square (March 19, 2024)

• Gene Kaufman inks 99-year ground lease valued at $22M with Triumph Hotels for office building in Times Square (January 02, 2020)