Search
 

Chelsea Tower Gets a Refi

NEW YORK CITY—Developer and borrower S&P/DM 26 Development has secured a nearly $74 million permanent loan with the help of the Bassuk Organization.

By Rayna Katz | Updated on April 07, 2014

NEW YORK CITY—Richard Bassuk, president of the Bassuk Organization and CEO of the Greystone Bassuk Group, has announced the closing of a nearly $74 million permanent loan for Chelsea Tower, a 33-story, 228-unit luxury apartment building located on the west side of Avenue of the Americas at 100 W. 26th St. The building also contains approximately 16,000 square feet of retail space and a parking garage. 

[Editors Note: While Bassuk Singer still exists, principals Richard Bassuk and Andrew Singer have gone their separate ways, GlobeSt.com has learned. Meanwhile, Bassuk retained his eponymous firm and also formed a joint venture to create the Greystone Bassuk Group].

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.