NEW YORK CITY—The prolific property transactor AmericanRealty Capital is at it again. Its American Realty Capital New YorkCity REIT has purchased two assets.
The firm has entered into a purchase and saleagreement to acquire the Laurel Commercial Condominiums, at 400 E.67th St., for $76 million,exclusive of closing costs. The Laurel Commercial Condominiumscontain three commercial condominium units providing 58,750rentable square feet and are 100% leased to threetenants: Cornell University, TDBank and Quik Park. The seller was represented by the CapitalTransactions Group at Savills Studley.
In addition, on August 7, NYCR entered into apurchase and sale agreement to acquire a commercial garage unit inTrump Place, the residential condominium building located at 200Riverside Blvd. on the Upper West Side, for $9 million, exclusive of closingcosts. The Trump Place Parking Garage contains approximately 61,475rentable square feet, including 284 parking spaces with threesub-grade levels, and is currently 100% leased to Hudson RiverGarage LLC.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 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.
Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
