New York & Tri-State + Midtown New York + Finance | August 7, 2023

Cadence Property Group Secures $42M for Second Hell’s Kitchen Condo Project

Cadence Property Group, in partnership with HOH Capital Partners and Deal Lake Capital, has acquired 360 West 52nd Street in Manhattan for a condominium development project.

This acquisition follows the buyers’ earlier purchase of the adjacent 354 West 52nd Street. The plan is to combine both properties to create a seven-story residential condominium building.

“Given the rare through-block configuration of our site, this new project will deliver a unique combination of homes with private outdoor spaces, resident gardens, abundant light and air, and superb layouts, all catering to those seeking affordable luxury in NYC,” said Howard Glatzer, founder and president of Cadence Property Group.

JLL Capital Markets arranged $41.5 million in financing for the project with a team led by Evan Pariser, and Aaron Niedermayer. Peter Carillo of HKS Real Estate Advisor represented the purchaser in the acquisition.

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About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.

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