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