Rockrose Entity Obtains $80 Million in Funding for West Village Rental Properties

Rockrose Entity Obtains $80 Million in Funding for West Village Rental Properties
Rockrose Entity Obtains $80 Million in Funding for West Village Rental Properties

JLL Secures $80M Financing for Rockrose West Village Property

JLL has successfully arranged $80 million in financing for 110 Horatio Street, a 10-story multifamily property located in Manhattan’s West Village. The 94,000-square-foot building is owned by 110-114 Horatio II, LLC, an entity controlled by principals of Rockrose Development.

The financing was arranged by JLL’s team of Geoff Goldstein, Steven Klein, and Chris Pratt. The 10-year, fixed-rate loan was provided by investment manager AXA IM Alts, acting on behalf of its clients.

Situated directly along the Hudson River, 110 Horatio offers residents sweeping waterfront views and easy access to one of New York City’s most desirable neighborhoods. The building is currently 98.7% occupied and consists of 152 residential units—87 studios, 42 one-bedrooms, 18 two-bedrooms, and five penthouses. The property recently underwent renovations, enhancing interiors across all units.

Resident amenities at 110 Horatio include a 24-hour attended lobby, a landscaped roof terrace, a residents’ lounge, a bike room, laundry facilities, elevator service, and a modern fitness center.

About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax and REVVED Up Accounting. In addition, Steve founded Madison Avenue Technology. With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.

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