16-18 East 30th Street

Location: New York, NY

Type: Commercial

16-18 East 30th Street | New York is a 13,000 SF mixed-use commercial property located in the NoMad section of Midtown Manhattan. Palladium’s principals recapitalized the property in 2007, acquiring a 50% ownership interest for $3.5MM. The property, along with 20,000 square feet of unused air rights was sold in 2013 for $13MM. The property is slated for the development of a boutique hotel.