Yellowstone Real Estate borrows $90M from BVK-Immobilien for hotel purchase in Clinton

Yellowstone Real Estate Investments through the entity YS 440W57 Owner LLC as borrower signed a loan agreement with lender BVK-Immobilien through the entity Universal-Investment-Gesellschaft Mbh valued at $90 million for 1 parcel, including the tax class luxury type hotel built after 1960 (H2) at 440 West 57th Street in Clinton. The deal closed on March 31, 2021 and was recorded on April 7, 2021.
The property contains a total of 441,347 square feet of built space.
The average loan per buildable square foot is $204.
The last time the property sold was May 12, 2016 for $148,800,000.
Over the past five years, there have been 4 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 4 renovation/alteration projects (A2) applied for with a total estimated value of $676,500.

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