Boston-based real estate investment firm Rockpoint Group acquired an East Hollywood apartment building for $34.3 million in an off-market transaction, sources told The Real Deal.
Seller SKS Trading Company purchased the property in 1995 for $5 million, according to property records.
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Boston's Rockpoint Group has picked up an East Hollywood apartment building for $34.3M. The 94-unit property is located at 4150 Marathon St. It was originally purchased 22 years ago by Seller SKS Trading Co. for $5M, The Real Deal reports.
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Marcus & Millichap (NYSE: MMI) has arranged the sale of The Biarritz, a 22-unit investment opportunity on San Vicente Boulevard in Santa Monica, Calif. The $13 million sales price equates to nearly $600,000 per unit and more than $600 per square foot.
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The outdoor rooftop of 53 Greene Street was the perfect backdrop to host TONY award winner Kristin Chenoweth on a beautiful summer evening.
We were truly honored to have Kristin Chenoweth’s Social Life Cover Party at our Town Residential Exclusive Penthouse at 53 Greene Street. The penthouse at 53 Greene exudes the entertainment lifestyle.
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The founders of AORE Holdings LLC, Moshe Azogui and Yan Ouaknine, have successfully spearheaded the development of over $3 billion in value-added and opportunistic real estate assets, and 3,000 multi-family units. Moshe Azogui and Yan Ouaknine are practical visionaries who set up AORE Holdings LLC as a vehicle to develop properties that integrate top-drawer technological amenities with enduring design principles.
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Don’t be fooled by this penthouse’s carefree appearance. The 3,510-square-foot duplex is one of the last units standing in the meticulous conversion at 53 Greene Street, and it’s commanding quite a premium at $14.05 million, a whopping $4,000 per square foot.
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With multifamily pricing frothy and the competition to buy assets rife, returns are harder to come by. (It's back to looking under couch cushions and in payphone return slots.) But an El Segundo-based apartment investor has found the key to unlocking worth in underperforming properties.
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Located in the heart of New York’s highly desirable SoHo Cast Iron Historic District neighborhood, the well situated 53 Greene is a stunning landmarked property steeped with timeless architectural splendor. The classic landmarked Beaux-Arts exterior of the six-story property faces a picturesque street, and retains the neighborhood’s unique charms with one of the few original granite cobblestone surfaces in the city.
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The penthouse at the newly converted Soho condominium building, 53 Greene, hit the market for $14.1 million, according to the developer.
Three of the apartments have entered into contract since Brown Harris Stevens Select launched sales at the site in October. The 3,510-square-foot penthouse features a 2,067-square-foot private rooftop lounge and a fireplace. Prices at the six-story building, developed by AORE Holdings, start at $6.3 million for the other units.
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Leasing has begun at Windermere West End, the newly renovated pre-war limestone and brick façade apartment building on West End Avenue between 92nd and 93rd Streets. Windermere West End is a meticulous blend of historic character and 21st century convenience; the 170 units coming to market this spring and summer range in size from studios to five bedrooms. Windermere West End is a joint venture of Stellar Management and AORE Holdings LLC.
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