95% complete hotel in downtown Brooklyn going into bankruptcy.
– 100 rooms
– Valued at $29.5 million
– $34M senior loan default
– $3.5M subordinate construction loan
– $3M mechanic’s liens@somehotelguy whats your thoughts? pic.twitter.com/F5P1nXpJ8s— Eli Lever (@aussieflya) June 5, 2023
It's setback from the street in this rendering.
Are you in the market for a NYC hotel?
Street view: pic.twitter.com/OFdbFRcMXN
— Eli Lever (@aussieflya) June 6, 2023