JLL secured $80 million in financing for 110 Horatio St., a 10-story, 94,000-square-foot multifamily property located in the West Village. A JLL team of Geoff Goldstein, Steven Klein and Chris Pratt represented the borrower, 110-114 Horatio II, LLC, an entity controlled by principals of Rockrose Development, to arrange a 10-year, fixed-rate loan from investment manager AXA IM Alts, acting on behalf of clients.
Located directly adjacent to the Hudson River, 110 Horatio St. offers residents a combination of waterfront views and access to one of New York City’s most notable neighborhoods. The property is currently 98.7% occupied with 152 total units, including 87 studios, 42 one-bedrooms,18 two-bedrooms and five penthouse units. The building also recently completed a renovation, enhancing the interior space of all 152 units.
110 Horatio St. features an amenity package that includes a 24-hour attended lobby, landscaped roof terrace, residents’ lounge, bike room, laundry facility, elevator service and a modern fitness center.
Greystar has plans to build a 340-unit apartment complex in Chamblee. The company spent $11.5 million on 7 acres at 5220 Peachtree. Chamblee officials selected the two firms in 2024 to pursue the project that was previously on city land. The Downtown Development Authority was the seller. The Atlanta Business Chronicle reports that Greystar is...
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Multifamily owners with loans coming due are faced with higher refinancing costs. While this isn’t news, Newmark put numbers to the issue, indicating that loans maturing in Q3 2026 carried an average interest rate of 4.04%, compared to 5.69% on new loans at an average cap rate of 5.5%, resulting in negative leverage. At the...
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An increase in mortgage rates is cooling home sales, with multifamily the biggest beneficiary, according to John Chang, senior vice president at Marcus & Millichap. In a recent video, Chang said that the 10-year Treasury has risen by more than 100 basis points, and the 30-year mortgage rate is up about 130 bps to the...
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