Lightstone acquires East Village resi portfolio for $127M David Lichtenstein-led firm buys six buildin上海千花网 gs holding 181 units from Pan Am Equities
David Lichtenstein’s Lightstone Group acquired a portfolio of six multifamily rental buildings holding 181 units in the East Village from Pan Am Equities for more th阿拉爱上海同城 an $127 million.
The Midtown-based real estate investment firm paid $52.1 million for five separate five-story buildings holding a comb上海千花社区 ined 75 units at 112-120 East 11th Street, and also acquired a six-story, 106-unit property at 85 East 10th Street for $75.4 million. All of the buildings are located between Third and Fourth avenues.
Th爱上海同城 e deal closed April 21, according to the Commercial Observer. News of the transaction was first reported by EV Grieve.
Lightstone recently secured $330 million in financing for the hotel conversion of a 16-story office building at 485 Seventh Avenue in Times Square, as well as a $75 million construction loan for its new 10-story rental building in Long Island City.
Lichtenstein was recently identified as the mystery donor who gave $50,000 to the Nassau Democratic Committee, which backed Todd Kaminsky s bid to replace Dean Skelos in the senate. Reports claim Lichtenstein made the bid at the request of de Blasio s top fundraiser, Ross Offinger, who s the subject of a federal investigation. [CO] – Rey Mashayekhi
Tags: east village, lightstone group, Multifamily Market, pan am equities
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