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Recent Commercial Real Estate Transactions

Blog Post 1

Recent Sale
15 East 11th Street (between Fifth Avenue and University Place)
Built in 1903 and renovated in 2017, this 56,627-square-foot property in Greenwich Village consists of two buildings connected at the ground floor and cellar. One of the buildings has nine floors, and the other has seven. The property, known as the Alabama, is used as off-campus student housing for New York University, the New School and the Cardozo School of Law. The buildings, which are fully occupied, have 29 studios, 24 one-bedrooms, five two-bedrooms and 38 three-bedrooms.

Buyer: Alabama Flats
Sellers: Pebb Capital and TriArch Real Estate Group
Brokers: Justin Halpern and Ed Wartels of Cushman & Wakefield