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HFF announces $60.9M sale of 117-unit multi-housing property in Manhattan

08/31/2017

NEW YORK, NY – August 31, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announces the $60.9 million sale of 321 East 22nd Street, a 117-unit multi-housing property in Manhattan’s Gramercy Park neighborhood.

The HFF team represented the seller, Benedict Realty Group, and procured the buyer, Akelius.  The HFF investment sales team included managing directors Jeff Julien and Rob Hinckley and senior managing director Andrew Scandalios.

321 East 22nd Street is located within three blocks of the 4, 6, N, Q, R and W train lines and highly-sought-after retail, dining and entertainment near Gramercy Park and Madison Square Park.  The six-story building encompasses 117 residential units and 2,800 square feet of commercial space, which is leased to Synergy Fitness.

Holliday Fenoglio Fowler, L.P. is a New York licensed real estate broker.

About Benedict Realty Group
Benedict Realty Group (BRG) is a premier real estate investment and property management firm specializing in the burgeoning middle-income residential market in New York City and core+ commercial properties and medical office buildings along the East Coast. BRG’s focus and deep expertise enables the firm to create value. BRG stands behind its work, investing its own capital in every single transaction. Key principals at BRG have over 100 years of experience and success through multiple real estate cycles as a real estate owner/operator.

About HFF
HFF and its affiliates operate out of 24 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry.  HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment sales, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing.  Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, “HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF).  For more information please visit hfflp.com or follow HFF on Twitter @HFF.

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HFF

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