Benchmark asking $130M for three Village rental buildings

Portfolio has a total of 115 apartments

TRD New York /
Jul.July 13, 2016 01:30 PM

Jordan Vogel and Aaron Feldman’s Benchmark Real Estate Group wants to cash out of three rental properties in Greenwich Village and the East Village, and is seeking $130 million for the 115-unit portfolio.

HFF’s Eric Anton, Jeff Julien, Andrew Scandalios, Robert Hickley and Steven Rutman are marketing the trio of buildings, which include 200 East 11th Street in the East Village as well as 82 West 12th Street and 65 Bank Street in the West Village, reported the New York Post.

The largest of the three buildings, 200 East 11th Street, is located at Third Avenue near Astor Place and has 54 apartments. The building at 65 Bank has 37 apartments, while 82 West 12th has 24. Both have a mix of free-market and rent-stabilized tenants.

Soho-based Benchmark paid $95 million to acquire the buildings between 2011 and 2015, property records show. The firm paid $57 million for 200 East 11th in 2013; $22.75 million for 82 West 12th in 2015; and $15.25 million for 65 Bank in 2011.

Earlier this year, Benchmark sold its 94-unit rental at 320 East 22nd Street near Gramercy Park for $87.5 million to New York University. Vogel and Feldman acquired the building in 2012 for $39 million. [NYP, 2nd] — E.B. Solomont

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