Completed in 2023, Solo at North Bergen is among Hudson County’s premier residential communities. Currently, 98% leased, the community spans three, three-story buildings with 138 units and one, five-story elevatored building with 76 units. In addition, residents enjoy access to a full resort-style amenities package including a 5,000-square-foot clubhouse with billiards and gaming tables, a state-of-the-art fitness center, an outdoor swimming pool with grilling stations and an outdoor sauna, a community dog run and a full-service package room.

Solo at North Bergen provides easy access to New York City, Jersey City, Newark and Hoboken via nearby Routes 1&9 and 3 as well as Interstates 78, 95 and 495. The community is also steps away from the Tonnelle Avenue Light Rail Station and an NJ Transit bus stop with direct access to New York City. In addition, the nearby Port Imperial/Weehawken ferry terminal provides easy connections to several locations within Manhattan.

“North Bergen’s growing population and unparalleled access to many of the region’s largest employment and entertainment hubs makes it a highly desirable location,” said Stephen Cassidy, President of Denholtz Properties. “This acquisition speaks to our commitment to expanding our multifamily portfolio through an intelligent and strategic approach to growth. We look forward to deploying our time-tested residential management platform at the property to create one of northern New Jersey’s premier residential communities.”

Solo at North Bergen is the latest to join Denholtz Properties’ growing list of recently completed or under construction residential communities that includes The Rail at Red Bank, the company’s visionary 57-unit mixed-use community adjacent to the Red Bank Train Station, and The Rail at Bound Brook, an under-construction 143-unit Class-A multifamily community located across from the Bound Brook train station that broke ground in May of 2023.

In addition to its expanding residential portfolio in New Jersey, Denholtz Properties has also bolstered its multifamily portfolio over the last several years through several strategic acquisitions including Overall Creek, a 384-unit, Class-A multifamily community in Murfreesboro, Tenn., as well as Vida Apartments, a 289-unit luxury multifamily community in Kannapolis, N.C.

The post Denholtz Properties Acquires 214-Unit, Luxury Community in Hudson County, N.J. appeared first on Real Estate Weekly.

Veranda La Jolla is a 100% market rate property built in 1989. La Jolla / UTC is a highly regarded regional employment driver in multiple bioscience and technology fields due to its close relationship with the University of California at San Diego (UCSD) business
and research ecosystem. Proximity to job nodes along both the I‐5/I‐15 corridors, downtown La Jolla, and some of southern California’s most well‐known beaches make La Jolla / UTC a coveted neighborhood for residents offering easy coastal access and
short commute times. The Property offers semi‐urban, walkable living 10 minutes from the ocean, a job‐dense micro location with plentiful neighboring retail, and extensive amenities. Community features on the 4‐story mid‐rise asset were thoughtfully
constructed by the Seller and include two individual landscaped courtyards with water features surrounding a central courtyard containing a resort‐style pool and spa, bar‐be‐que area, and expansive single‐story amenity suite complete with well‐appointed
clubhouse / business center and leading‐edge fitness center. All units offer outdoor space via balcony or patio and top floor apartments feature vaulted ceilings with clerestory windows for added natural light.

Similar to Allina La Jolla, Pacific Urban Investors is dedicated to maintaining the unique personality and distinctiveness of Veranda La Jolla while launching new programs designed to further enrich the resident experience. The company plans to invest in increasing utility of the community’s amenities, including upgrading communal areas for residents to connect and engage, and enhancing resident unit interiors.

“As a follow‐on acquisition to its sister property next door, Veranda La Jolla gives Pacific the opportunity to acquire additional share in one of the most highly sought‐after investment submarkets in Southern California. Proximate to a density of jobs rarely
encountered, La Jolla’s world‐renowned beaches, and innumerable retail options, Veranda La Jolla offers residents convenient access to work and play in a contemporary building with all the desired amenities. The Property’s premium positioning along Nobel, unit outdoor spaces, and high quality of construction are all competitive advantages in a highly occupied submarket” said Grant Geisen, Senior Vice President of Investments at Pacific.

Pacific’s President Rory Gardner commented “Allina La Jolla is off to a strong start, and we are thrilled to have added Veranda La Jolla next door, growing our Southern California portfolio by 754 total units. We remain excited about the long‐term economic drivers in the region and are actively seeking additional investments across all our strategies; including both direct acquisitions, as well as joint venture and preferred equity opportunities.”

The post Pacific Urban Investors Expands Southern California Portfolio with Acquisition of La ScalaStrengthening Presence in Highly Desirable San Diego Submarket appeared first on Real Estate Weekly.

Ch’bala Corners II consists of three 8-plex buildings, three 4-plex buildings and one duplex. Of the 38 units, 23 units will be restricted at 50% area median income (AMI) and 15 units will be restricted at 60% AMI. Eight units will be set aside for disabled households, and eight units will be set aside for homeless households. Ch’bala Corners will proudly house eligible Alaska Native/Native America families.

Ch’bala Corners II also received local support and engagement including soft financing from the following:

• US Department of Housing and Urban Development Indian Housing Block Grant funds
• State of Alaska Supplemental Grants Program (SGP) funds
• Federal Home Loan Bank of Des Moines Affordable Housing Program (FHLB AHP) grant funds
• Municipality of Anchorage HOME Investment Partnerships Program grant funds
• Municipality of Anchorage American Rescue Plan Act (ARPA) grant funds
• State of Alaska Community Development Block Grant Program (CDBG) disaster relief funds.

Residents at Ch’bala Corners II will have access to a variety of programs and services, provided by CIHA Resident Services and local partners, that support health, wellness, community engagement and financial self-sufficiency.

“We are grateful for the financial support of KeyBank Community Development Lending and Investment and KeyBanc Capital Markets in the development of Ch’bala Corners II. Affordable housing financing is complex and multifaceted,” said Gabe Layman, President/CEO, Cook Inlet Housing Authority. “We appreciate the professionals at KeyBank CDLI and KBCM for thoughtfully navigating this process with us, allowing for the addition of 38 units of much needed affordable housing in our community. Affordable housing is the foundation that helps families stabilize and thrive.”

“We are excited to work with Cook Inlet Housing Authority to invest in Ch’bala Corners II because it is community-based and serves the needs of our most vulnerable neighbors,” said Kortney Brown, senior relationship manager with KeyBank CDLI. “Cook Inlet Housing Authority’s ability to partner and collaborate with other agencies and providers is representative of how complex affordable housing projects can be successfully completed.”

Kortney Brown and Brett Sheehan of KeyBank CDLI structured the financing. Ila Afsharipour of KeyBanc Capital Markets Public Finance Group provided the bond underwriting.

The post KeyBank Secures $20.3 Million of Financing for Multifamily Housing Property in Anchorage, AK. appeared first on Real Estate Weekly.

JLL was retained by Corigin on an exclusive basis to arrange the sale. RockSolid Ventures, acquired the building.

Situated on the north side of West 47th Street, between 10th and 11th avenues, the 10,675-square-foot building was fully gut-renovated in 2014 and was well maintained by ownership.

515 West 47th St. is currently configured with one one-bedroom, 10 two-bedrooms, one three-bedroom and three four-bedroom units. The ground-floor rear apartments feature private outdoor spaces, and units on the 5th floor have private roof terraces. Each unit features a stacked washer-dryer and high-end finishes.

The property is located a short walk from the Theatre District and countless restaurants, bars and entertainment along 8th, 9th and 10th avenues. There are also several Times Square transportation hubs within close walking distance, offering access to multiple subway lines to any area of the city.

The JLL team representing the seller was led by Managing Directors Jonathan Hageman and Hall Oster, along with Vice President Teddy Galligan, Associates Braedon Gait and Jake Russell and Bob Knakal, head of JLL’s New York Private Capital Group.

“The property’s proximity to cultural offerings in Manhattan’s famed Theatre District and convenient access to Midtown and Hudson Yards positions it as a powerful investment within one of the city’s most central neighborhoods,” said Hageman. “As a market-rate property, it will also provide immense value amid surging rental growth for newly renovated units with desirable layouts.”

The post Hell’s Kitchen multi-housing property sold to RockSolid Ventures appeared first on Real Estate Weekly.

95 Green Street building is a 3 story 14 unit building that is 100% occupied and very well maintained with mostly renovated apartments. It has a small rear parking lot and a few units with terraces. The super for both buildings’ lives in one of the units at Green Street and is a native of Kingston. 58 St. James Street is a 17 unit property consisting a 14 unit main building and a 3 unit rear carriage house with small parking lot and potential to convert the vacant garage into one additional residential unit. The building
is also 100% occupied and well maintained with a couple of terraces as well. Both buildings come with low-rate assuming mortgages saving a potential buyer closing costs and financing charges.

The asking price of $4,000,000 for the package requires a buyer to have $1,953,000 cash over the mortgages if they want to assume the existing financing. This will yield an 8.1% cash on cash return at the asking price. The asking price equates to a 7.25% CAP Rate and 8.9 times gross rent roll. Please contact Josh at Jg@highcapgroup.com for additional information.

The post 2 Building Multi Family Package in Kingston NY Hits the Market with Highcap Group appeared first on Real Estate Weekly.

Currently, Alba Palm Beach is 40 percent sold with buyers flocking from the Northeast, Texas, Chicago, and the West Coast. Recently, Alba sold units for the highest price per square foot in the neighborhood at over $2,000 per square foot.  

In attendance at the groundbreaking was Kenneth Baboun, principal developer of Alba Palm Beach, Keith A. James, Mayor of the City of West Palm Beach, Cathleen Ward, District 1 Commissioner, Keith Spina and Tammy O’Rourke of Spina O’Rourke + Partners and Jon Schmidt of Schmidt Nichols.  

“It’s a monumental day, not only for myself and partners that brought this moment into reality, but also our residents who will call Alba home,” said Kenneth Baboun, principal developer. “Our vision for this rare piece of land and we believe it was the catalyst for the neighborhood’s healthy condo market we see today. We look forward to welcoming our owners home very soon.” 

“Alba Palm Beach is truly an example of what a team effort can look like between a developer and the surrounding community,” said Cathleen Ward, District 1 Commissioner. From the start, Alba representatives wanted to make sure the residents knew what was being proposed, and the opportunities this world class development brings to the north end of our City. I’m looking forward to welcoming the new residents which will call this lovely piece of paradise home.”    

As the only new development directly on the water in West Palm Beach, Alba’s residences are centered around its coveted location with every unit featuring graciously appointed layouts with floor-to-ceiling hurricane impact windows and sliding doors, oversized glass-framed terraces with summer kitchens to highlight the incredible panoramic views. There are a limited number of residences per floor, with private elevators and vestibules offering privacy and seclusion. Additional highlights of each residence includes Italian-designed kitchens by Italkraft, stainless steel appliances by SubZero^® and Wolf^®, and spa-like baths with designer fixtures and finishes. 

Alba Palm Beach’s amenities only elevate its waterfront lifestyle for residents; from its day dock with slips available for residents to its sunrise and sunset pool decks and expansive water views from the Technogym^® fitness room that includes a yoga studio and Pilates reformer. Spanning more than 25,000 square feet of total amenity space there will also be a state-of-the-art conference space with audio-visual functionality, several private workspaces, a multi-sport simulator room and theater, and an elegant private dining room with climate-controlled wine storage.  

As a unique buyer’s gift, Alba Palm Beach owners receive an exclusive one-year complimentary membership to the Palm Beach Yacht Club allowing access to the prestigious club’s dining room and exceptional hospitality along with access to its global reciprocal clubs. Recently, Alba and Magellan Jets announced a partnership that gives owners access to exclusive usage and perks with its fleet of jets.  

The development’s sleek and modern design is by West Palm Beach-based Spina O’Rourke + Partners. A free-form ground level with design accents that blend into the landscape welcomes residents, who will enjoy access to an elevated amenity deck, with unobstructed sunrise, sunset, and water views. There are a limited number of residences per floor, with private elevators and vestibules. Schmidt Nichols, an award-winning urban development firm specializing in site development and planning, and landscape architectural planning is the landscape architect for the development. Ortega Construction Company has been selected as the general contractor for the project.  

Northwood in West Palm Beach is quickly becoming the city’s most sought-after neighborhood with an eclectic mix of dining, shopping, art galleries and more. This enclave is in proximity to pristine beaches, Worth Avenue, The Square, Atlantic Ocean boating, as well as a host of upscale culinary spots, theatrical performances, and more. 

Alba Palm Beach’s Sales Gallery & Showroom, located at 250 North Olive Avenue in downtown West Palm, is open Tuesdays to Fridays from 10 a.m. to 5 p.m., Saturdays 11 a.m. to 4 p.m. and Sunday and Monday by appointment only. To learn more about Alba Palm Beach, please contact its sales executives at 561-944-3290 or e-mail sales@albapalmbeach.com.  

The post Alba Palm Beach Breaks Ground As West Palm Beach’s Newest Waterfront Luxury Boutique Residences   appeared first on Real Estate Weekly.

The development team of LMXD, an affiliate of L+M Development Partners, and WBP Development has done it again with another highly successful luxury multifamily building in downtown New Rochelle.  25 Maple, a boutique mid-rise residential rental building in the heart of downtown New Rochelle featuring 184 apartments with a host of indoor and outdoor amenities, is more than 95 percent leased less than a year after its debut. 25 Maple builds on the recent success of nearby Stella, an award-winning luxury residential tower with 380 apartments developed by LMXD and WBP Development that was fully leased in just 15 months. The seven-story 25 Maple, which is located just off Main Street, offers a mix of studio, one-bedroom and two-bedroom residences attractively priced from $2,250 per month. The residences feature large windows with solar window shades; lime-washed oak wide-plank flooring; in-home Electrolux washer/dryers; smart Dormakaba door locks and private terraces or balconies in select residences. Designer kitchens feature a stainless-steel Frigidaire appliance package, high-end cabinetry, and quartz countertops. The porcelain tiled bathrooms offer natural oak cabinets, designer countertops and Kohler fixtures in polished chrome. Luxury amenities include attended-lobby, multiple lounge areas, co-working spaces and a package room. The building’s rooftop has a state-of-the-art fitness center with adjacent outdoor sunbathing, yoga areas and resident lounge with bar, entertainment space, pantry and views of the Sound. There is also a game room with a pool table, large screen TV and business center with co-working space. Residents of 25 Maple enjoy a host of outdoor amenities including a landscaped rooftop deck with BBQs, bar and dining area with views of the Long Island Sound and Manhattan skyline. There is also a lushly-landscaped outdoor plaza and roof-top dog park. Electric car charging stations are available in the indoor parking garage. The success of 25 Maple comes as no surprise to residents who live there. Nick Busa and Shola Reis recently moved from Long Island City to a two-bedroom apartment at 25 Maple. “We’ve been here since April and couldn’t be happier. New Rochelle is full of friendly people from all walks of life. There’s a level of civility here that is hard to come by,” said Nick, “The neighborhood is wonderful to walk through especially down to the waterside parks,” he said adding, “Everything one would need is a short walk, bike, or car ride away. You can’t beat it! After 30 years in New York City, we have no regrets,” he said. Charles McFarlane downsized from a single-family home in Yorktown to a one-bedroom apartment at 25 Maple. He chose 25 Maple so he could be close to his three grandkids who live in New Rochelle. “It’s great because I get to see them more frequently,” he said, adding, “My apartment has everything I need. And the staff here is excellent,” he said. “This has more amenities and activity than where I used to live. Here you have nice restaurants, easy access to grocery stores, coffee shops and everything else you need. Put it all together and this proved to be a great move for me,” he said. 25 Maple is conveniently located in the heart of downtown New Rochelle, near restaurants, shops and the Metro-North and Amtrak station which offers a 35-minute commute to Grand Central Terminal. 25 Maple was designed by the world-renowned architectural firm Beyer Blinder Belle. The firm also designed Stella, which won the Westchester Home 2023 Builders Award as the Best Luxury Multifamily Development. For more information, visit the Leasing Gallery located at 25 Maple Avenue, New Rochelle or visit rent25maple.com.  Exclusive marketing and leasing are being handled by The Marketing Directors.

The post 25 Maple, a Boutique Luxury Multifamily Building in New Rochelle, is More Than 95 Percent Leased in Less Than a Year appeared first on Real Estate Weekly.

The selection furthers the City’s commitments to uplift minority and women-owned businesses in affordable housing development and comes as the Department of City Planning (DCP) conducted a robust series of public engagement events for the Atlantic Avenue Mixed-Use Plan (AAMUP), including over a dozen public meetings and a housing working group to gather input about community priorities and recommendations. As part of the AAMUP context area, HPD’s selection reflects an early action towards meeting the community’s desire for affordable housing on city-owned lots, especially for low-income older adults. 

“The selection of Jobe, MegaGroup, and ICL for the Dean Street project advances several equity goals for the City at once,” said Deputy Mayor for Housing, Economic Development and Workforce Maria Torres-Springer. “We have a major community-led rezoning that will create a more vibrant mixed-use corridor, and an MWBE consortium building affordable housing on a vacant lot. This is a celebratory moment, and after the announcement of our historic housing production numbers, this shows that we’re continuing on the path to an ever-more-affordable New York City.” 

“The City of New York is putting the needs of New Yorkers first. We’re putting the needs of seniors, families, and working people before parking and we’re putting the needs of minority and women owned businesses front and center. That’s especially true today when we’re announcing the M/WBE-led development team who will convert this underused parking lot into homes for low-income, homeless seniors in Central Brooklyn,” said HPD Commissioner Adolfo Carrión Jr. “Uplifting minority- and women-owned development teams is one of the most meaningful ways we can build wealth in black and brown communities while creating the housing New York City so desperately needs.” 

“Jobe Development is exceptionally pleased to be partnering with the Mega Group, Institute for Community Living, and nArchitects on Park Edge—a site envisioned and designed to provide senior housing with health and wellness as its guiding principle,” said Olga Jobe, Principle at Jobe Development Corp. “Jobe Development was one of the first minority developers to partner with the NYC Department of Housing Preservation and Development and the Enterprise Foundation in the early 1990s. Those development opportunities have helped to foster Jobe Development’s growth from a small contractor, building single-family homes on private sites, to a developer working on multiphase projects in Southeast Queens and Central Brooklyn. We are extremely grateful and excited for the opportunity to develop Park Edge with our partners.” 

“Park Edge will enable ICL to expand our whole health approach to housing,” said Jody Rudin, President and CEO at the Institute for Community Living. “The Institute for Community Living will offer robust wellness programs, including exercise, nutrition, mindfulness, occupational therapy, and social connection, that have been proven to help build stability, facilitate healthy living, and support people in getting better. We are excited to partner with Jobe Development and Mega Development to provide these homes for older adults perfectly situated near a park and public transportation.” 

“The Mega Group is extremely proud to continue building upon its decades-long partnership with Jobe Development Corp. and Institute for Community Living to expand the availability of affordable housing, social services and health supports for low-income seniors,” said Hercules Argyriou, Vice President at Mega Contracting Inc. “The need for affordable senior housing continues to grow as rising costs, the City’s housing shortage and the growth of our senior population create a perfect storm for housing instability. For over thirty years, Mega has continued its commitment to building high-quality, affordable housing developments that put mental and physical health supports at the center of apartment living. Responding to the Dean and Bergen Community Vision Report, Park Edge will bring thoughtfully designed apartment homes connected to health and wellness amenities, social services, community facilities and open recreational space. We look forward to continuing our commitment to serve New York City’s neighborhoods by delivering this unique and responsive community asset.” 

 “The selection of JDC, MGD, and ICL to transform this site into much-needed affordable housing is an important step towards meeting local and citywide housing goals, while advancing the priorities of the Atlantic Avenue Mixed-Use Plan,” said Department of City Planning Director Dan Garodnick. “By prioritizing minority- and women-owned businesses, affordable housing, open space, and more, we’re delivering the results that Brooklynites have asked for through the AAMUP engagement process.” 

“Today’s announcement is a tangible and important step that brings our community one step closer to realizing an important goal for our city,” said Council Member Crystal Hudson. “Slated to serve as permanent housing for low-income and unhoused older adults, the project at 542 Dean Street has been integral to the Atlantic Avenue Mixed-Use Plan (AAMUP), wherein our neighbors made it abundantly clear that deeply affordable permanent housing is a necessity to guarantee our community’s long-term vitality and wellbeing. I am excited to see this development move forward and proud that our efforts to make sure AAMUP was truly responsive to community needs helped move this project forward.” 

“Today’s announcement marks an important step towards delivering quality affordable housing for older adults in the Prospect Heights community, while simultaneously advancing the City’s goals of expanding MWBE participation at every stage of affordable housing development,” said HDC President Eric Enderlin. “We look forward to working with the teams at JDC, MGD, and ICL on this development to further meet the housing needs of New Yorkers.” 

HPD is moving forward with plans to re-purpose the 17,145 square-foot parking lot at 542 Dean Street into affordable housing after a community visioning process and reviews of multiple proposals. The winning plan, Park Edge, gets its name from the site’s proximity to the highly active playground, basketball court, and ball field next door. As part of the design plans, Park Edge will create a new entrance to the park along with public seating and planted areas. 

Today’s selection follows the announcement last week that the City created and preserved nearly 27,000 homes in the 2023 Fiscal Year, including the most homes for formerly homeless New Yorkers the City has ever produced in a fiscal year. The development team, led by JDC, proposes to build housing for older New Yorkers including homes for those who formerly experienced homelessness. Building residents and members of the community will benefit from indoor and outdoor gathering space along with on-site programs for arts and culture, health and wellness, recreation, and education. Individualized case management services will be available to residents with a history of homelessness.  

The site is part of HPD’s M/WBE Building Opportunity Initiative to address disparities among minority and women-owned businesses in affordable housing development industry while furthering the agency’s mission to provide safe and affordable housing to all New Yorkers. Following a disparity study of HPD developers, HPD issued two Requests for Proposals (RFP) for which a minority or woman-owned business is required to hold a majority ownership stake in the project. The first RFP was issued in 2015 and included six sites across Brooklyn, The Bronx, and Harlem resulting in nearly 600 homes created by development teams led by M/WBE development firms. The second RFP, issued in 2021, includes two sites in Prospect Heights – 542 Dean Street and 516 Bergen Street. 

These RFPs enable M/WBE development firms to build capacity as lead developers in partnership with construction managers, property managers, and service providers who can lend their expertise, resources, and connections. The team selected for the Dean Street site includes a reputable minority-owned affordable housing developer in JDC, a community-based nonprofit service provider in ICL, and an experienced development, general contracting, and construction management firm in MGD.  

This builds on HPD’s wider efforts to uplift and build capacity for M/WBEs. Since 2014, HPD has trained over 100 emerging M/WBE developers and not-for-profits on how to win City-owned sites and obtain City financing for affordable housing development. HPD instituted a new policy in 2020 requiring that HPD award RFPs to entities where a M/WBE or non-profit firm have at least a 25% ownership stake. And through the Build Up initiative, developers receiving $2 million or more in City subsidy must set a goal to spend at least 25% of costs on M/WBEs, resulting in over $1.53 billion in spending to date.  

As part of DCP’s community engagement process for AAMUP, the Crown Heights and Bedford–Stuyvesant communities highlighted the importance of maximizing 100% affordable housing on public sites. The 542 Dean Street site provides an opportunity to do just that, bringing much needed affordable housing to an amenity rich neighborhood as part of a wider neighborhood plan. The AAMUP process will continue later this summer with the release of the Engagement Report from Council Member Crystal Hudson, DCP, and WXY Studio, which will summarize feedback from the community and distill recommendations from the public thus far. 

The development team worked with nArchitects to design the building. Inspired by Brooklyn’s surrounding rowhouses and brownstones, particularly their traditional bay windows, Park Edge provides a pair of windows per unit to give the interior rooms a spacious feel and connect the building’s exterior into the neighborhood fabric. But Park Edge’s most defining feature is an exaggerated ground floor setback that widens an active sidewalk, allows the continuation of neighborhood gathering, and creates a new entrance and visibility to the neighboring Dean Playground.  

Founded in 1995 by Kenrick A. Jobe, Sr., Jobe Development Corporation (“JDC”) is an established full-service real estate development firm with expertise in realizing projects from conception and planning through completion. Since its founding, JDC has developed affordable housing on City-owned land in emerging communities like Southeast Queens and Central Brooklyn in low-rise and mixed-use buildings.  

Beyond general development and construction, JDC takes pride in successfully establishing trust within the communities in which it develops. The principals take great care to become active and engaging with local stakeholders to better serve all parties involved in the development process. To that end, JDC is committed to continuing its path as a principled and committed developer of affordable housing in New York City. 

The post HPD Selects M/WBE-Led Development Team to Convert Parking Lot into Housing for Low-Income, Homeless Seniors in Central Brooklyn  appeared first on Real Estate Weekly.

Since leasing began this summer, 50 percent of the building’s apartments have been rented and the property is gearing up to introduce its “Live Larger” collection, which offers sprawling three-bedroom apartments featuring large open kitchens, in-unit full size washer/dryers, and private outdoor space. These premium units are being offered both furnished and unfurnished for those looking for more space and the ultimate in convenience.

Marc Ehrlich, Chief Investment Officer of Rose Associates, said: “It has been a joy to transform this property into a truly exceptional multifamily building that features impeccable design and close proximity to transit. Together with Marmara Group, we’ve fully reimagined the building adding meaningful amenities and completely upgraded building systems in an eco-friendly manner.” 

301 E 94th Street is located in a prime Upper East Side location adjacent to the new Second Avenue Subway. The attended lobby features double-height ceilings and marble columns. Directly off the lobby is a co-working space and resident lounge with a fireplace situated peacefully under a curved glass atrium ceiling. A second lounge is found on 301 E 94th’s penthouse level and it offers a dining area with catering kitchen, communal spaces with large televisions, and an outdoor, wraparound landscaped terrace with barbecue grills, lounge chairs and recliners. The windowed fitness center includes strength and cardio equipment as well as a separate class and studio space. The nearby children’s playroom offers toys and activities for the youngest residents.

Apartments at 301 E 94th Street feature Calcatao gold polished silestone countertops with white etoile de rex backsplashes, and deep, undermount stainless sinks. Bathrooms include Kohler cast iron tubs and honed gray porcelain tile floors. Living areas feature umber oak wood flooring, and all apartments are equipped with individually controlled heating and cooling as well as new, operable windows with enhanced sound attenuation. Clothes washers and dryers are available in select apartments. 

Leasing is currently underway with immediate occupancy. Interested parties can visit https://www.301e94apts.com/ to learn more or to book an in-person tour. Leasing office is open daily from 10am to 6pm.

The post Rose Associates Actively Leasing At 301 E 94th Street In Manhattan  appeared first on Real Estate Weekly.

JLL represented the seller, a long-term private investor who had owned the properties for more than 30 years.  The buyer was Lockhill Properties.

 Comprised of 13,461 square feet of above grade space, the buildings are currently configured as 20 one-bedrooms, two of which have been duplexed with the basement. The apartments benefit from quality light due to low-lying buildings to the south and open space to the north, which is controlled by the neighbouring Church of the Most Holy Redeemer. There is also a sun-drenched rear yard.

 The properties are situated in one of the city’s most desirable neighborhoods, a few blocks from multiple subway lines and surrounded by popular New York establishments, such as Katz’s Delicatessen, Little Frankie’s, Supper and Mr. Purple. Development of the nearby Essex Crossing has added new entertainment venues, cultural experiences and a variety of shopping options, such as Target and Trader Joe’s to the mix.

 The JLL team that arranged the transaction was led by Managing Directors Hall Oster, Teddy Galligan and Guthrie Garvin.

 “175-177 East 3rd St. has been well cared for by long-term ownership and presents the new owners with ample opportunity to add value,” said Oster. “In a challenging market, this was a great deal for both parties.”

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