NEW YORK CITY — Massey Knakal has arranged the $7.7 million sale of 246 East 53rd St. in Midtown East in New York City. The 12,915-square-foot building contains 21 apartment buildings and two retail stores on the ground floor, which are fully leased. Of the residential units, 17 are market rate units, two are rent controlled and the remaining two are rent stabilized. Bob Knakal and Clint Olsen of Massey Knakal represented both parties in the transaction.
HOUSTON — ARA has arranged the sale of the 380-unit AMLI Towne Square, an apartment community located half a mile east of downtown Houston. The property is 98 percent occupied. Matthew Rotan, David Oelfke, David Mitchell and David Wylie represented the seller, Chicago-based AMLI, in the transaction. The buyer was Colorado-based Baron Properties.
VENTURA, CALIF. – A 20-unit apartment building in Ventura has sold to an unnamed buyer for $2.7 million. The community is located at 95 South Ann Street. The seller, a private investor, was represented by Greg Kaiser of Marcus & Millichap’s West Los Angeles office.
SAN FRANCISCO – A six-unit apartment building in San Francisco has sold to an unnamed buyer for $2.1 million. It is located at 164 23rd Ave. in the city’s Lake Street District. Sanford G. Skeie and John Antonini of Marcus & Millichap’s San Francisco office represented the seller, a private investor, in this transaction.
MIAMI — The 207-unit Park Towers, a multifamily property at 777 N.W. 155th Lane in Miami, has traded for $11.6 million. The 10-story, 198,335-square-foot apartment building sits on 5.86 acres and was built in 1973. Tal Frydman, Daniel Cunningham and Derek Gibbs of Marcus & Millichap’s Fort Lauderdale, Fla., office represented the seller, a Scottsdale, Ariz.-based private firm. A Miami-based private investor purchased the multifamily property.
ABINGTON, MASS. — Greystar has acquired the 180-unit Abington Woods Apartment Complex in Abington for $37 million. The seller was The Heritage Cos. The 16-building complex, located at 212 Bedford St., was originally developed as condominiums in 2006. The property features an indoor pool, fitness center, business center and community room. Deneberg Realty Advisors represented both parties in the transaction.
EAST ORANGE, N.J. — SDK Realty Corp. has purchased a 20-story high-rise apartment tower in East Orange for $39.2 million. The sellers, a joint venture between Gaia Real Estate Co. and Harel Insurance Investments & Financial Services, acquired the building for $30 million two years ago. The 273-unit building, currently known as Gaia Park View, features a pool, fitness center, valet parking and doorman service. The property is about 15 miles from Midtown Manhattan, with an NJT station about one mile away. Jose Cruze of HFF represented the buyer in the transaction.
HOUSTON — Gaia Real Estate has purchased two apartment communities in the Houston area totaling 708 units. The two properties are the 408-unit Steeples Apartments and the 300-unit Township Apartments. Steeples Apartments features a 24-hour fitness center, two pools, walk-in closets, laundry facilities and covered parking. Township Apartments features a fitness center, two pools, sports courts, a playground and an outdoor barbecue station. Gaia recently opened an office in Dallas to oversee its Texas portfolio, which now includes 23 properties.
IRVING — Marcus & Millichap has arranged the sale of the 195-unit Woodside Villas, an apartment community located at 3429 W. Rochelle Road in Irving. Bard Hoover and Nick Fluellen of Marcus & Millichap's Dallas office represented the buyer and seller, both limited liability companies, in the transaction.
SAN FRANCISCO – A six-unit apartment building in San Francisco has sold to an unnamed buyer for $2.1 million. It is located at 164 23rd Ave. in the city’s Lake Street District. Sanford G. Skeie and John Antonini of Marcus & Millichap’s San Francisco office represented the seller, a private investor, in this transaction.
