NEW YORK CITY — HJ Development is currently converting 211 E. 51st St. into condominium units. The former apartment facility is located between Third and Second Avenues in Midtown Manhattan, New York City. Upon completion, the converted building will feature 73 residences. One-bedroom units will range in size from 505 square feet to 868 square feet, and two-bedroom units will average 1,200 square feet. The building will also include two penthouse residences. Prices for the units range from $605,000 to $4.5 million. Completion is slated for July 2008.
Multifamily
NEW YORK CITY — HJ Development is currently converting 211 E. 51st St. into condominium units. The former apartment facility is located between Third and Second Avenues in Midtown Manhattan, New York City. Upon completion, the converted building will feature 73 residences. One-bedroom units will range in size from 505 square feet to 868 square feet, and two-bedroom units will average 1,200 square feet. The building will also include two penthouse residences. Prices for the units range from $605,000 to $4.5 million. Completion is slated for July 2008.
NEW YORK CITY — MJH Birchwood has begun renovations of 117 units in the 244-unit The Residences at Jackson Heights in Queens, New York City. The Residences at Jackson Heights are made up of two cooperatives, Birchwood House and Sheila Terrace. The units are being redesigned by Lawrence M. Shapiro and Freyer Collaborative Architects. Studios, one- and two-bedroom units will range in size from 540 square feet to more than 1,100 square feet. Prices range from $170,000 to more than $350,000.
NEW YORK CITY — MJH Birchwood has begun renovations of 117 units in the 244-unit The Residences at Jackson Heights in Queens, New York City. The Residences at Jackson Heights are made up of two cooperatives, Birchwood House and Sheila Terrace. The units are being redesigned by Lawrence M. Shapiro and Freyer Collaborative Architects. Studios, one- and two-bedroom units will range in size from 540 square feet to more than 1,100 square feet. Prices range from $170,000 to more than $350,000.
PHILADELPHIA, MORTON, PA., AND MAPLE SHADE, N.J. — Matthew Pauls and Fred Paisley of Marcus & Millichap’s Philadelphia office have completed the $2.15 million sale of Jendora Apartments in Philadelphia. Paisley represented the undisclosed seller and Pauls procured the undisclosed buyer. In Maple Shade, Casey Hansen, also of Marcus & Millichap’s Philadelphia office, has brokered the sale of Southern Cross Apartments. The 22-unit apartment facility was sold for $1.35 million. Hansen procured the undisclosed buyer and represented the undisclosed seller in the transaction. Ken Waller, also of Marcus & Millichap’s Philadelphia office, has completed the $704,000 sale of Hidden View Apartments in Morton. The 13-unit apartment is located at 214 Main St. Waller procured the undisclosed buyer and represented the undisclosed seller in the sale.
PHILADELPHIA, MORTON, PA., AND MAPLE SHADE, N.J. — Matthew Pauls and Fred Paisley of Marcus & Millichap’s Philadelphia office have completed the $2.15 million sale of Jendora Apartments in Philadelphia. Paisley represented the undisclosed seller and Pauls procured the undisclosed buyer. In Maple Shade, Casey Hansen, also of Marcus & Millichap’s Philadelphia office, has brokered the sale of Southern Cross Apartments. The 22-unit apartment facility was sold for $1.35 million. Hansen procured the undisclosed buyer and represented the undisclosed seller in the transaction. Ken Waller, also of Marcus & Millichap’s Philadelphia office, has completed the $704,000 sale of Hidden View Apartments in Morton. The 13-unit apartment is located at 214 Main St. Waller procured the undisclosed buyer and represented the undisclosed seller in the sale.
CHARLOTTE, N.C. — Atlanta-based VP Charlotte LLC has acquired Stonewall Jackson Apartment Homes, a 85-unit, 14-acre multifamily community in Charlotte, from ARC Realty, for $3 million. The complex features 12 one-bedroom, 52 two-bedroom and 21 three-bedroom units. The property is located at 5751 Airport Dr., and was 97 percent occupied at the time of sale. Jim Juhl of Sperry Van Ness’ Cornelius, N.C., office represented the seller, and the buyer was represented by Southern Commercial Real Estate.
ST. LOUIS — Hendricks & Partners (H&P) has brokered the sale of Place de la Concorde, a 50-unit apartment community located at 11542 Concord Village Ave. in St. Louis. Ken Aston of the St. Louis office of H&P represented the seller, Creve Coeur, Mo.-based Concorde Associates, as well as the buyer, St. Louis-based Lorenzo Development. The acquisition price was not disclosed.
ST. LOUIS — Hendricks & Partners (H&P) has brokered the sale of Place de la Concorde, a 50-unit apartment community located at 11542 Concord Village Ave. in St. Louis. Ken Aston of the St. Louis office of H&P represented the seller, Creve Coeur, Mo.-based Concorde Associates, as well as the buyer, St. Louis-based Lorenzo Development. The acquisition price was not disclosed.
PALMYRA, PA. — A joint venture comprised of AMC Delancey Group and Heritage Senior Living has completed construction of Traditions of Hershey, a 120-unit independent senior living community in Palmyra. Located at 100 N. Larkspur Dr., the facility features studios and one- and two-bedroom residences. Rental rates range from $1,800 to $2,700 per month. Amenities include an onsite move theater, a fitness center, a billiard room, a library and a beauty salon.