Commercial Real Estate

Camber Property buys bankrupt Hell's Kitchen building for $40M

14 days ago   |   By The Real Deal New York

Workforce housing developer Camber Property Group acquired a Hell's Kitchen apartment building out of bankruptcy for $40.3 million. The acquisition brought an end to the five-year reorganization process involving the 96-unit building at 440 West 41st Street, according to public records. In early 2016, the entity that owns the building, led by Ben Zion Suky, fell behind on payments for a $28 million mortgage issued by Stabilis Capital Management. David Goldwasser of GC Realty Advisors,
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