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Longacre JV Acquires 24 NYC Multifamily Buildings for $180M
Longacre Asset Management, a joint venture between Peter Hungerford’s PH Realty Capital and David Kaye and Joe Listhaus’s Rockledge, closed on an approximately $180,000,000 multifamily acquisition across Manhattan and Brooklyn. The JV did not disclose the seller or sellers.
The portfolio was acquired in two tranches. The first tranche closed in July and comprised 12 buildings containing 725 units and spanning 689,666 square feet. The second tranche closed on Sept. 20 and comprised another 12 buildings and 601 units. The entire portfolio includes 24 buildings in Upper Manhattan, Crown Heights and Brighton Beach containing 1,326 units and totaling 1,293,885 square feet.
The properties included the following: 79 Brighton 11th St., 3100 Brighton 2nd St. and 200, 210 and 211 Brighton 15th St. in Brooklyn; 66-74, 75, 76 and 853 St. Nicholas Pl. in Manhattan; 110 Bennett Ave. in Manhattan; 725 W. 184th St. in Manhattan; 1115 Union St. in Brooklyn; 4101 and 4113 Broadway in Manhattan; 219, 231, 1511 and 1521 Brightwater Ave. in Brooklyn; 287 E. 18th St. in Brooklyn; 120, 146 and 165 E. 19th St. in Brooklyn; and 1803 Beverley Rd. in Brooklyn.
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- ◦Sale/Acquisition
