REBusinessOnline

RCP RECAPITALIZES TRIBECA RETAIL BUILDING

NEW YORK CITY — Realty Capital Partners has invested approximately $2.1 million to recapitalize a multifamily rental building located in Manhattan's Tribeca neighborhood. The property contains 11 residential units, two of which are rent stabilized, and two retail spaces. It underwent extensive renovations in 2005. Occupancy was 100 percent at the time of closing. The project's owner, Code RED, plans to convert the apartments to for-sale condominiums.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

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