June 22, 2017 Comments Off on $1M-Per-Apartment for East Village Building Views: 782 Downtown New York, New York News

$1M-Per-Apartment for East Village Building

Shorenstein Company paid $57 million to buy 200 E. 11th St., a 54-unit apartment building in Manhattan’s East Village.

The price works out to more than $1-million-per-unit for the newly renovated one-, two- and three-bedroom apartments, which all rent at market prices well above the level restricted by rent stabilization.

HFF marketed the property on behalf of the seller, Benchmark Real Estate Group, and procured the buyer, in addition to helping the buyer arrange $31 million in acquisition financing from Helaba.

Read More at HFF

For comments, questions or concerns, please contact Bendix Anderson

Subscribe to Connect Daily New York

Tags: ,

Comments are closed.