Tuesday, July 4, 2017

HFF closes $57 million sale of and arranges $31 million financing for 54-unit apartment property in Manhattan’s East Village

200 East 11th Street, East Village, Manhattan, NY

Jeff Julien
NEW YORK, NY –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $57 million sale of and arranged $31 million in financing for 200 East 11th Street, a 54-unit, newly renovated apartment property in Manhattan’s East Village.

HFF marketed the property on behalf of the seller, Benchmark Real Estate Group, and procured the buyer, Shorenstein Company LLC.  Additionally, HFF secured acquisition financing on the new owner’s behalf through Helaba.

200 East 11th Street is located on the corner of East 11th Street and 3rd Avenue near multiple transportation options and numerous highly sought-after retail, entertainment and dining amenities.

 The 12-story, 53,000-square-foot building consists of 54 one-, two- and three-bedroom residential units, all of which are fair market.  Apartment amenities include new windows, oak flooring, in-unit washers and dryers and new heating/cooling units.

 The property also features a rooftop deck with lounge space and a recently constructed, three-story amenity building that houses a new lobby, gym and yoga studio.

Rob Hinckley
The HFF investment sales team was led by managing directors Jeff Julien and Rob Hinckley and associate director Steven Rutman.

HFF’s debt placement team was led by director Geoff Goldstein, managing director Scott Aiese and associate Rory Shepard.

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

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

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