Chun Yee Yung Refinances Chelsea Office Building At 207 West 28th Street For $17M With Cathay Bank

Chun Yee Yung refinanced an office building located at 207 West 28th Street in Chelsea, Manhattan. The building encompasses 57,414 square feet and a total building size of 98,800 BSF. The loan amount for this transaction was $17,000,000.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $17,000,000
• Address: 207 West 28th Street
• Market: Chelsea, Manhattan
• Lender: Cathay Bank
• Landlord: Chun Yee Yung
• Loan Type: Refinance
• Previous Loan Amount: $19,500,000

The deal involved Chun Yee Yung as the landlord, who executed the refinancing of the property with a new loan from Cathay Bank. This refinancing replaced a prior loan, indicating a financial restructuring of the asset under Yung's management.