Kaufman Astoria Studios draws pre-foreclosure suit
A lender is telling one of the city’s most iconic filming studios to pay up. Deutsche Bank has filed for foreclosure on the 500,000 square foot Kaufman Astoria Studios in Queens. The lender is claiming the borrower, a partnership tied to Hackman Capital, failed to pay back the loan by the November maturity date and now owes about $359 million. The lender is also seeking a judgement against guarantor Michael Hackman and others. As the city tries to increase its studio space, monetary troubles at one of the city’s biggest and most famous studios could be a worrisome sign. In […]
This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Inside the Search: Choosing the Right Deal in Chicago With
Taka Buranda
It’s a Family Affair: Multigenerational Living Rental Can
Help Landlords Boost Income While Offering Tenants
Affordability
PolicyPro: J-51 reboot flops for rent-regulated landlords,
boosts co-ops and condos
Hotel union deal puts cleaners on track for $100K
salaries
Mamdani targets Brooklyn corridors for major housing
push 
Saunders partners with Premier Estate Properties to link
ultralux markets
RealPage rent-fixing settlements pass $200M (and
counting)
Record High Mortgage Debt Sounds Scary. Here’s What the
Headlines Leave Out.
Richard Born dumps Chambers Hotel for $66M
NYC’s top deals: Benchmark scoops up $42M apartment complex
on UWS
