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Kushner condo heads to foreclosure auction

The massive retail condo owned by Kushner Companies at 229 West 43rd Street in Midtown Manhattan is headed for a Uniform Commercial Code (UCC) foreclosure auction scheduled for June 30, according to the Commercial Observer. The 251,000-square-foot asset will be sold at a “as is, where is” basis — all cash — at a password-protected virtual Zoom UCC auction that had previously been postponed and was originally scheduled for April 30. JLL is marketing the sale. 

  • Worth Noting: The property’s remaining “performing” tenants include bowling alley Bowlmor (occupies just over 31 percent of the rentable area), Guitar Center (leases about 11.3 percent of the space at the basement level), bar and restaurant The Ribbon, Haru Sushi, and Los Tacos. [CO]

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