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Jeff Sutton Sells $31M Stake in Williamsburg Real Estate


450 West 31st Street, New York, NY 10001 Phone: 212-260-1332
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Mezz Lender Buys 10 Units at Gramercy Condo


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Rutherford Place with some former and present celebrity tenants (from left) Penn Badgley, Dave Chappelle, Judd Nelson, Wesley Snipes, Chris Farley, Mimi Rogers and Tom Cruise, Sean “Diddy” Combs and Benny Medina (Getty, Google Maps, iStock)
Mountbatten Equities has sold 10 units at its Gramercy Park condominium, Rutherford Place, to an entity that identifies itself as its mezzanine lender.
The buyer, a limited liability company called 305 Second Avenue Mezz Lender, bought the units for $18.64 million in early March, property records show. Alexander Zabik, the managing director and credit portfolio manager of private equity firm Pennybacker Capital, signed the deed for the LLC. ....

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