(Read more on the multifamily market.)
NEW YORK CITY-The Easton, a 21-story elevatored 158-unitresidential and retail property located at 360 E. 65th St., is onthe market.Brian Ezratty, vice chairman of Eastern Consolidatedtells GlobeSt.com that pricing is around $130-million.
Approximately 57% of the residential units have free-marketstatus with an average below-market rent of $47 per sf, and justunder 43% of the units remain rent stabilized at a average of $17per sf. The building's avenue retail space totals 9,700 sf and iscurrently 100% occupied at below average rents, with leases thatexpire from 2011 to 2014. The property's lease for its 69-car belowgrade garage space, a valuable amenity, expires in 2012.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
