SOLD
L&M Development Partners Buys Multifamily Complex From Stellar Management For $84.6M
10-20 Monroe Street
MultiFamily
2,793,250 SF
2,793,250 SF
Sold 16 days ago
Summary
Sale
NEW YORK
MultiFamily
2,793,250 sqft
The multifamily property located at 10-20 Monroe Street in Two Bridges, Manhattan was involved in a recent sale transaction. The property, spanning 1,396,625 square feet, was sold for $84,600,000, equating to a price per square foot of $61. The buyer, Lisa Gomez, represented L+M Development Partners, while the seller was Laurence Gluck of Stellar Management.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $84,600,000
- Address: 10-20 Monroe Street
- Market: Two Bridges, Manhattan
L+M Development Partners, through KV Owner LLC, successfully acquired control of the Knickerbocker Village affordable housing complex from Stellar Management's Kvi Holdings LLC. This transaction, valued at $84.6 million, marks a significant investment in the Two Bridges neighborhood, further solidifying L+M Development Partners' presence in the real estate market.
Details
SOLD
IMAGE: Lisa Gomez & Laurence Gluck
DATE: 04/25/2024
ADDRESS: 10-20 Monroe Street
MARKET: Two Bridges, Manhattan
ASSET TYPE: Multifamily
BUYER: Lisa Gomez - L+M Development Partners (@LMDevPartners)
SELLER: Laurence Gluck - Stellar Management
SALE PRICE: $84,600,000
SF: 1,396,625 ~ PPSF: $61
NOTE: L+M Development Partners, operating through KV Owner LLC, has acquired control of the historic affordable housing complex Knickerbocker Village in Manhattan's Two Bridges neighborhood from Stellar Management's Kvi Holdings LLC for $84.6 million.View on map
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Address10-20 Monroe Street
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