Valley National Bank sells troubled health club condo unit at Parc Vendome for $2M

Michael Davis of the Plymouth Group through the entity Parc 56 LLC paid Valley National Bank’s Parcven Realty Holdings LLC $2.05 million for the health club condominium unit at the Parc Vendome at 353 West 56th Street in Midtown West. The deal closed on March 30, 2020, and was recorded on April 8, 2020. The transaction consists of 1 parcel, including the tax class commercial condominium unit (R5). The property is 14,000 square feet, according to Max Spann Real Estate & Auction Company, which marketed the property for sale.

The health club unit was damaged during construction that resulted in a foreclosure. Prior to the foreclosure, the heath club unit was purchased for $1,5 million in 2005.

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