Akelius picks up Gramercy rental for $168M

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

TRD 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
(Getty)

Manhattan retail asking rents fall to nine-year low

Manhattan retail asking rents fall to nine-year low
MetLife Building and Matt Van Buren, CBRE’s tri-state president (Getty, CBRE)

CBRE closes 2 offices, expands presence at MetLife HQ

CBRE closes 2 offices, expands presence at MetLife HQ
Clockwise:  CBRE's Michael Remer, Richard Hodos and Joel Stephen with the Wizarding World Building at 935 Broadway (Images via CBRE)

CBRE’s Hodos and other Muggles win REBNY award for Harry Potter deal

CBRE’s Hodos and other Muggles win REBNY award for Harry Potter deal
(iStock)

Look out below: Major real estate services firms brace for falling earnings

Look out below: Major real estate services firms brace for falling earnings
Brookfield Property Partners' Brian Kingston, Silverstein Properties' Larry Silverstein and Empire State Realty Trust's Anthony Malkin (Getty)

Real estate firms lead cautious return to NYC offices

Real estate firms lead cautious return to NYC offices
Hana CEO Andrew Kupiec, The Real Deal's Hiten Samtani and Hana's EVP of Occupier Solutions Georgia Collins

The REInterview: How flex space could upend supply-demand dynamics in the office market

The REInterview: How flex space could upend supply-demand dynamics in the office market
Matthew James (Credit: ABC)

First black “Bachelor” for ABC comes from real estate world

First black “Bachelor” for ABC comes from real estate world
“We’re not in the business of land-grabbing:” Hana CEO on the future of flex space

“We’re not in the business of land-grabbing:” Hana CEO on the future of flex space

“We’re not in the business of land-grabbing:” Hana CEO on the future of flex space
arrow_forward_ios

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

Loading...