New York Residential Portfolio

Residential Apartments in Manhattan
NYC-Skyline-New-YorkSky

LOCATION

New York, NY, USA

ASSET DESCRIPTION

Between 2008-2009, acquired a portfolio of six residential apartments in highly sought-after locations around New York City, including Murray Hill, Lincoln Square, and Hell’s Kitchen. The six assets were all two-bedroom apartments in luxury condominium developments with a combined area of around 8,611 square feet.

The neighborhoods were selected as they are key areas for working professionals, and a future need for more high-end residences was projected in the area. The neighborhoods also offered a robust nightlife, concert halls, and fine-dining restaurants and bars.

The assets were sold between 2010-2013. The total completed transaction value of this portfolio was $24 million.

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