Atlas Capital Adds 130-Unit East Village Multifamily
Atlas Capital Group acquired 250 E. Houston St., a recently renovated Class A multifamily property in Manhattan’s East Village. Seller and purchase price were not disclosed.
The 13-story, approximately 100,000-square-foot property comprises 130 residential apartment units and 9,000 square feet of ground-floor commercial space. The building features high-end finishes throughout, with approximately 75% of the apartments offering private balconies.
The transaction was brokered by JLL, led by Rob Hinckley and Jeff Julien. 250 E. Houston benefits from transportation access via the B, D, F, M, J, and Z subway lines, as well as proximity to the East River Esplanade.
The acquisition builds on Atlas Capital Group’s recent activity across New York City, including preferred equity investments in the acquisition and pre-development of 175 Third St. and 205 Montague St. in Brooklyn. Atlas is also co-developing two Manhattan projects: a luxury condominium development in the West Village at 80 Clarkson St. and a senior affordable housing project at 570 Washington St.
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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