Akelius picks up Gramercy rental for $168M

For first time since 1940s, Tausiks’ 17-story property gets new owner

New York /
May.May 11, 2015 08:30 AM

In its third and largest New York City buy yet, Akelius Real Estate Management paid $167.5 million for the Petersfield, a 17-story rental building in the Gramercy Park neighborhood, The Real Deal has learned.

The U.S. arm of Swedish investment firm Akelius Residential Property has been ramping up its New York City property deals – this time, for a 199-unit, 185,000-square-foot property at 301 East 21st Street.

The Tausik family owned the rental building, also known as 362-372 Second Avenue, for nearly 70 years. Most of the apartments are market-rate, with rent ranging from $1,650 to $4,000 per month, according to StreetEasy. There are 54 rent-regulated units.

Ground-floor retail tenants include Pushcart Coffee, Hollywood Salon and yoga center Nirvana Wellness.

The deal was brokered by a CBRE team led by Darcy Stacom and Paul Leibowitz. The brokers could not be reached for comment.

Elsewhere in the neighborhood, Samy Mahfar’s SMA Equities bought two buildings at 297 and 299 Third Avenue and actor Jim Parson acquired a penthouse at 36 Gramercy Park East.

Akelius specializes in long-term holds on multifamily assets.

“We will not be pursuing buyouts,” said Kunal Chothani, an executive at Akelius.

In the past month, the firm also closed on the purchases of two Crown Heights buildings and a three-building Lower East Side complex.


Related Articles

arrow_forward_ios
A photo illustration of 182-22 150th Avenue in Springfield Gardens (Getty, Google Maps)
NYC’s industrial market ends year with a bang
NYC’s industrial market ends year with a bang
(Photo Illustration by Steven Dilakian for The Real Deal with Getty)
Manhattan retail market rises again, but momentum wanes
Manhattan retail market rises again, but momentum wanes
(Norpointe LLC)
Yellowstone buys Fairfield County apartment complex for $49M
Yellowstone buys Fairfield County apartment complex for $49M
How CRE brokerages are responding to i-sales slowdown
How CRE brokerages are responding to i-sales slowdown
How CRE brokerages are responding to i-sales slowdown
(Illustration by The Real Deal with Getty)
Retail real estate continues climb, reaches record low availability
Retail real estate continues climb, reaches record low availability
(Illustration by The Real Deal; Getty)
Just 2 percent of US office market slotted for conversion
Just 2 percent of US office market slotted for conversion
Oleg Cassini with 135 East 19th Street
Oleg Cassini’s foreclosed townhouse auctioned off for just $5M
Oleg Cassini’s foreclosed townhouse auctioned off for just $5M
CBRE's Emma Giamartino and CBRE's Bob Sulentic (CBRE, Twitter / CBRE, Getty)
CBRE plans layoffs, $400M in cost reductions
CBRE plans layoffs, $400M in cost reductions
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...