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Meridian Arranges Sale of 15 Park Row’s Rentals
Meridian Capital Group’s Institutional Investment Sales Group, led by senior executive managing director Helen Hwang, recently advised Park Row Realty, L.P. on the residential part of the sale of 15 Park Row to Atlas Capital Group. Meridian senior managing director Morris Betesh and VP Alex Bailkin arranged $109 million in acquisition financing.
Located on City Hall Park, 15 Park Row is a luxury rental building easily accessible from Midtown and the Financial District. Originally the world’s tallest building when finished in 1899, the onetime office property was converted to residential use in the early 2000s.
15 Park Row, said Hwang, is “the only rental building amongst Park Row’s luxury condominium row and enjoys spacious units with high ceilings and spectacular views of the World Trade Center, the Woolworth Building and Midtown.”
Hwang’s team representing the seller included Karen Wiedenmann, Brian Szczapa, Yasmin Kheradpey and Ernie Nichols.
Photo courtesy of Fogarty Finger.
For comments, questions or concerns, please contact Paul Bubny
- ◦Financing
- ◦Sale/Acquisition
