A joint venture between PH Realty Capital and Rockledge, known as Longacre Asset Management, recently completed the acquisition of a multifamily portfolio in Manhattan and Brooklyn for approximately $180 million. The specific seller or sellers were not disclosed.
The purchase was made in two parts: the first tranche closed in July and included 12 buildings with 725 units spanning over 689,666 square feet. The second tranche closed on September 20th with an additional 12 buildings containing a total of 601 units. In total, the portfolio consists of 24 properties located in Upper Manhattan, Crown Heights and Brighton Beach with a combined unit count of1 ,326 units covering an area totaling over1 ,293 ,885 square feet.
Some notable properties included are:79 Brighton llth St.,3100 Brighton2nd St.,200-211Brighton15thSt.inBrooklyn;66-74and853St.NicholasPl.inManhattan;110BennettAve.and725W.l84lhSt.inManhattan;1115UnionSl,inBrooklyn ;4101and4113BroadwayinManhattan ;219 .231 .151 l,and152l Brightwater Ave .in Brooklyn ;287 E.l8lhSl,inBrooklynl20,l46,and165E.l9lhSlin Brooklynl80J Beverley Rd.lin Brooklyn .
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