
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.