Stuy Town reportedly worth just $2.8bn
The 80-acre New York multifamily complex sold in 2006 for $5.4bn has been valued at less than its senior mortgage, meaning potential losses for junior CMBS debt holders.
24 January 2013•2 mins read
PRIVATE REAL ESTATE
Register to unlock this content
Daily global private real estate news and market intelligence- Expertly curated insights to keep you ahead of the market
- Faster, data-driven decision-making powered by our AI interface, Ask PEI
- Access to proprietary research and reports
- Selected investor strategy and competitor performance data