 |
166 West 75th Street, Upper West Side Manhattan, NY |
 |
| Jeffrey Julien |
NEW YORK, NY – HFF announced today that it has closed the
sale of 166 West 75th Street, a 207-unit multi-housing property with
3,425 square feet of ground floor retail on Manhattan’s Upper West Side.
HFF
marketed the property exclusively on behalf of the seller.
 |
| KC Patel |
166
West 75th Street is located near the intersection of Amsterdam Avenue and 75th
Street close to Central Park, Riverside Park, Lincoln Center, and the 72nd
Street Subway Station.
The property is 16 stories and includes market-rate,
rent-stabilized, SRO and vacant units.
Simon Development Group purchased the asset and intends to renovate the
property.
 |
| Andrew Scandalios |
The
HFF team representing the seller was led by managing director Jeff Julien,
director KC Patel, senior managing directors Andrew Scandalios
and Jose Cruz and managing director Kevin O’Hearn.
“We
are excited to add 166 West 75th to our portfolio,” said Matthew Baron,
principal of Simon Development Group.
 |
| Jose Cruz |
“This
was a value-add multi-housing opportunity in an outstanding location and
garnered substantial interest,” added Julien.
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| Kevin O'Hearn |
Simon
Development Group develops, owns, manages and asset manages a diverse portfolio
of residential, hotel, retail and industrial space.
To date, the current portfolio includes 13 buildings
containing approximately 1,000 residential units, a roster of national retail
stores, a soon to be built 260 room, 30-story, boutique hotel and 160,000
square feet of commercial space. The
properties are located throughout New York City.
For a complete copy of the company’s news release, please
contact:
Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 | www.hfflp.com
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