Monday, October 12, 2015

$32.5 million sale of residential property in Manhattan’s Gramercy Park closed by HFF

152---156 East 22nd Street,
 Gramercy Park Neighborhood,
Manhattan, NY

NEW YORK, NY –  Holliday Fenoglio Fowler, L.P. (HFF) announced  it has closed the sale of Gramercy Court, a 43-unit residential property in Manhattan’s Gramercy Park neighborhood.

HFF marketed the property on behalf of the seller, 152-156 East 22nd Street LLC, a private family owner.  An undisclosed buyer purchased the asset for $32.5 million.

Gramercy Court is located at 152–156 East 22nd Street between Lexington and Third Avenues.

  Originally built in 1908, the property is proximate to Gramercy Park, Madison Square Park and Union Square.  In addition to the 43 residential units, which range from studio to five-bedrooms, the building also includes 1,390 square feet of retail and 18,337 square feet of air rights.

The HFF investment sales team representing the seller was led by managing directors Jeff Julien and Rob Hinckley and associate director Cindy True.

   For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |

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