Related Companies borrows $375M from Carlyle Group for property in Hudson Yards

Related Companies through the entity eRY North Tower Ob Deck Member LLC as borrower signed a loan agreement with lender Carlyle Group through the entity TCG Senior Funding L.L.C. valued at $375 million for 1 parcel, including the tax class commercial condo recorded in Acris (CC) at 500 West 33rd Street at 30 Hudson Yards. The deal closed on January 14, 2019 and was recorded on January 16, 2020.
The property contains a total of 106,651 square feet of built space.
The average loan per buildable square foot is $3,516.
This loan is for the condominium unit that includes the observation deck at 30 Hudson Yards.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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