Built in 1970, the 17-story building has 269 rental units and is 99% occupied. It features 24-hour doorman service, a health club and outdoor pool.
"Besides the location and strong occupancy, we see upside potential through renovating the property," says Paul Mucci, principal and head of Lend Lease's metro NY acquisitions group.
Altogether, Lend Lease completed $12.7 billion in transactions last year, including $4.1 billion in equity acquisitions, $2.2 billion in mortgages, $2.2 billion in dispositions and $1.4 billion in financings.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
