Tuesday 23 June 2020

Beekman Tower loan trouble reveals mystery behind landmark building’s owner

Located one block north of the United Nations, Beekman Tower was built in 1928 and is an early example of Art Deco architecture. In its early years, it housed sorority sisters who had moved to New York after having graduated college. Today, the 178-unit landmark property primarily serves as corporate housing for short-term and extended stays — an income stream that has taken a serious hit from the coronavirus crisis. Now, a $63 million CMBS



source https://therealdeal.com/2020/06/23/beekman-tower-loan-trouble-reveals-mystery-behind-landmark-buildings-owner/

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