JLL Secures $80M Financing for West Village Multifamily Property
JLL has arranged $80 million in financing for 110 Horatio Street, a 10-story, 94,000-square-foot multifamily building located in Manhattan’s West Village. The financing was secured on behalf of the borrower, 110-114 Horatio II, LLC, an entity controlled by principals of Rockrose Development. A team from JLL, including Geoff Goldstein, Steven Klein, and Chris Pratt, arranged the 10-year, fixed-rate loan through investment manager AXA IM Alts, acting on behalf of its clients.
Positioned directly along the Hudson River, 110 Horatio Street provides tenants with scenic waterfront views and prime access to one of New York City’s most desirable neighborhoods. The property is currently 98.7% leased and includes a total of 152 residential units, comprised of 87 studios, 42 one-bedrooms, 18 two-bedrooms, and five penthouse units. A recent renovation improved the interiors of all units, enhancing their appeal to current and prospective residents.
The building’s amenity offerings include a 24-hour attended lobby, landscaped rooftop terrace, residents’ lounge, bicycle room, laundry facilities, elevator access, and a fully equipped modern fitness center.
