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| Printhouse Lofts, 139 North 10th Street, Williamsburg Neighborhood, Brooklyn, NY |
NEW YORK, NY – Greystone, a New York-based real estate
development and financial group, is pleased to announce the sale of Printhouse
Lofts, a 36-unit luxury apartment building in Williamsburg to Clarion
Partners, a leading real estate investment manager.
The sale was arranged by Jeff Julien, managing
director, Rob Hinckley, director and Andrew Scandalios, senior
managing director at HFF, one of the largest commercial real estate capital
intermediaries in the country.
Located at 139 North 10th Street between Berry Street and
Bedford Avenue, the 1900’s industrial-style warehouse was transformed by
Greystone into a luxury rental apartment building offering high-end, industrial
fixtures with modern amenities.
Printhouse Lofts is currently 100 percent
leased.
“We couldn’t be more thrilled with the outcome for the
conversion, development and positioning of Printhouse Lofts,” said Jeff
Simpson, head of Greystone’s property development group.
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| Jeff Julien |
“Knowing they are familiar and active in the NYC market, we
are pleased that Clarion Partners recognized the opportunity to acquire such a
strong core asset in a desirable submarket.”
“We believe that Printhouse Lofts is a top
institutional-quality asset in one of New York City’s fastest growing and
popular neighborhoods,” noted Gary Rufrano, a director at Clarion
Partners.
“We are very pleased to expand our apartment portfolio in
Williamsburg and believe this property will nicely complement 44 Berry Street,
another Williamsburg loft apartment building that we own nearby.”
The apartment mix within the pet-friendly elevator building
consists of 28 one-bedrooms, six two-bedrooms and two three-bedrooms.
Two of the ground floor apartments boast 50-foot-long glass
solariums. The units feature stainless steel appliances, farmhouse sinks and
natural stone countertops and have soaring 11 to 13-foot ceiling heights.
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| Rob Hinckley |
Printhouse Lofts
amenities include a virtual doorman, video intercom system, laundry machines on
all floors, bike storage and 2,500 square feet of shared roof deck space,
offering 360-degree panoramic views of both the Brooklyn and Manhattan
skylines.
“Greystone built a high-quality product in a desirable
location that yielded very strong buyer interest,” added Julien.
For a complete copy
of the company’s news release, please contact:
Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com
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