Hudson Yards Apartment Tower Goes for $129M
JLL Capital Markets arranged the $129-million sale of Henry Hall, a 33-story, 225-unit luxury multifamily property located at 515 West 38th St. in Manhattan’s Hudson Yards neighborhood. Senior managing directors Jeffrey Julien, Rob Hinckley and Steven Binswanger, managing director Steven Rutman and director Devon Warren represented the seller, a joint venture of Shorenstein Investment Advisers and Dreamscape Companies.
Managing director Geoff Goldstein and director Christopher Pratt arranged $71 million in acquisition financing for the buyer, Amstar Group LLC, through U.S. Bank.
“Henry Hall truly stands out in the market,” said Hinckley. “The combination of its unique character, loyal resident community and prime Hudson Yards location drove strong investor interest. Multiple parties recognized the asset’s quality and the neighborhood’s continued growth trajectory.”
Delivered in 2017, the property includes 225 residences, comprising studio, one-bedroom and two-bedroom units, along with approximately 12,500 square feet of ground-floor retail.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout