The Real Deal New York

Clarion Partners buys Printhouse Lofts for $31M

Seller Greystone purchased newly built residential project last year for $15.6M
November 07, 2014 03:45PM

Clarion Partners acquired the Printhouse Lofts development in Williamsburg from Greystone for $30.5 million.

Last year, Greystone paid $15.8 million for the site at 139 North 10th Street,Between Bedford Avenue And Berry Street. The project was under construction at the time.

The 36-unit apartment building, which sits on the former print factory site, is now open. HFF’s Jeff Julien, Rob Hinckley and Andrew Scandalios represented Greystone in the deal.

“We believe that Printhouse Lofts is a top institutional-quality asset in one of New York City’s fastest-growing and popular neighborhoods,” Gary Rufrano of Clarion Partners said in a news release. — Mark Maurer