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Rockrose Entity Secures $80M Financing on West Village Rentals
JLL secured $80 million in financing for 110 Horatio St., a 10-story, 94,000-square-foot multifamily property located in the West Village. A JLL team of Geoff Goldstein, Steven Klein and Chris Pratt represented the borrower, 110-114 Horatio II, LLC, an entity controlled by principals of Rockrose Development, to arrange a 10-year, fixed-rate loan from investment manager AXA IM Alts, acting on behalf of clients.
Located directly adjacent to the Hudson River, 110 Horatio St. offers residents a combination of waterfront views and access to one of New York City’s most notable neighborhoods. The property is currently 98.7% occupied with 152 total units, including 87 studios, 42 one-bedrooms,18 two-bedrooms and five penthouse units. The building also recently completed a renovation, enhancing the interior space of all 152 units.
110 Horatio St. features an amenity package that includes a 24-hour attended lobby, landscaped roof terrace, residents’ lounge, bike room, laundry facility, elevator service and a modern fitness center.
- ◦Financing
