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300 West 30th Street, Manha...

Updated Jun 1, 2026

Bilt advertisement
Cathy Bank Provides $43M Loan For Dev Site At 300 West 30th Street
FINANCEDDevelopment Site

Cathy Bank Provides $43M Loan For Dev Site At 300 West 30th Street

300 West 30th Street, Manhattan, New York, NY, USA

$43,000,000

$633/SF

Building Size

67,876 SF

Asset Type

Development Site

Closing

Apr 15, 2021

About this deal

AI

The development site located at 300 West 30th Street in Chelsea has been involved in a loan transaction. The lender, Cathy Bank, provided a loan amount of $43,000,000 for this property. The site spans a total of 67,876 square feet and consists of 82 units.

Summary of transaction details

  • Property Type: Development site
  • Loan Amount: $43,000,000
  • Address: 300 West 30th Street
  • Market: Chelsea
  • Units: 82

Eastern Star Development, represented by Anthony Hu, is the landlord of this property.

The development site loan at 300 West 30th Street, Manhattan, New York, NY, USA in New York, New York financed for $43M in 2021. Reported inventory is 67,876 square feet across 82 units, or about 633 per square foot. Anthony Hu, Hiwin Group USA appear on the loan alongside Hiwin Group USA. This page is the New York, New York file for the 300 West 30th Street, Manhattan, New York, NY, USA development site financed: pricing, party profiles, and other closed development site comps from the same New York sit in the Market section below. Filter that New York development site set by closing date to see what else financed near 300 West 30th Street, Manhattan, New York, NY, USA around 2021. Published consideration for 300 West 30th Street, Manhattan, New York, NY, USA is $43M, dated 2021. Cite this Cathy Bank Provides $43M Loan For Dev Site At 300 West 30th Street loan when underwriting similar development site product around New York, New York.

Players

Anthony Hu

Hiwin Group USA

Broker

$113.5M

vol

4 deals

Broker
ED
Eastern Star DevelopmentBuyer

Anthony Hu

Eastern Star Development

Landlord

$113.5M

vol

4 deals

Landlord

New York Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

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Deal FAQ

About $633 per square foot on a published $43M for 67,876 square feet (2021).

Visit Anthony Hu to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.37%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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