NEW YORK CITY— The Gilar Group received $125 million in financing for the purchase of the Theatre House, a 22-story glass building located at 237 East 34th St. in Murray Hill. Forkosh Development Group was the seller.
The mixed-used apartment building is at the site of the former 34th Street East Theatre, and provides residences alongside 7,000 square feet of communal indoor and outdoor space.
The five-year deal features interest-only payments and was structured across three other properties: 315 Fifth Ave., 114 W. 86th St. and 540 Third Ave.
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Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
