(To read more on the multifamily market, click here.)

NEW YORK CITY-Locally based Campar Realty Co. LLC has sold the 45-unit apartment building at 140 E. 17th St. for $15.4 million. An unidentified local real estate investor picked up the Gramercy Park property.

Eastern Consolidated’s Eric Anton and Ronald Solarz and Jared Toothman represented the seller, while Eastern Consolidated’s Brian Ezratty represented the buyer.

“Because of its stellar location, excellent condition, and pre-war status, we were successful in obtaining a sales price in line with today’s heady investment sales numbers,” says Anton, in a statement. 140 E. 17th St. is situated three blocks from Gramercy Park and two blocks from Union Square.

The property contains one- and two-bedroom units, with 66 % of the units operating as rent stabilized. Solarz says the new owner plans to maintain the property as a rental facility due to the slow-down in the condo market that is spreading across the nation.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 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.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.