8 West 48 Street
Midtown West, Manhattan
Parcel ID (BBL): 1012630043
Owner: Elo Organization
Acquired: November 08, 2023, $34.7 million
Debt: January 29, 2025, $49 million
Built: 1918
Renovated: 1989
SF: 60,500
Dwelling units: 0
No. of buildings: 1
Class: Office with Comm — 7 to 19 stories (O6)
Floors: 12
Transactions:
• Elo Organization borrowed $49 million from Citibank for 6 West 48th Street and 21 West 46th Street, Midtown West, Manhattan on January 29, 2025.
• Company sold 6 West 48th Street and N/A 3rd Avenue, Midtown West, Manhattan for $0 to company on November 27, 2023.
• Jack Elo borrowed $21.5 million from Hirshmark Capital for 6 West 48th Street and N/A 3rd Avenue, Midtown West, Manhattan on November 08, 2023.
• Robert A. Posner sold 6 West 48th Street, Midtown West, Manhattan for $34.7 million to Jack Elo on November 08, 2023.
Development:
• Jason Elo filed plans for alteration in Midtown West, Manhattan, on August 16, 2024.
• Jason Elo filed plans for alteration in Midtown West, Manhattan, on June 12, 2024.
• Jason Elo filed plans for alteration in Midtown West, Manhattan, on March 04, 2024.
• Peter Metas filed plans for alteration in Midtown West, Manhattan, on November 19, 2019.
• Peter Metas filed plans for alteration in Midtown West, Manhattan, on October 28, 2020.
Violations:
According to city public data, the properties have received $2,005 in OATH penalties in the last year.