Benchmark sells West Village rental for $31M

Building was one of three the firm was marketing in area

New York /
Mar.March 10, 2017 12:05 PM

Benchmark Real Estate Group sold a six-story West Village rental building to Great Neck-based investor Soheil Khayyam for $31 million.

The Soho-based investment firm sold the 37-unit, 25,600-square-foot rental building at 65 Bank Street, between West 4th and Bleecker streets, according to documents filed with the city on Friday.

Benchmark TRData LogoTINY, led by Aaron Feldman and Jordan Vogel, purchased the building in 2011 for $15.2 million. When reached by phone on Friday, Vogel declined to comment. Contact information for Khayyam was not immediately available.

Amit Doshi and Jackie Himmelstein of Besen & Associates represented Benchmark on the deal and found the buyer.

Benchmark started marketing the building, along with two others, last year. Benchmark purchased the other buildings — 200 East 11th Street in the East Village and 82 West 12th Street in the West Village — for $57 million in 2013 and $22.8 million in 2015, respectively. Based on property records, it does not appear that either of these buildings has yet sold.

Benchmark, founded in 2009, offloaded several rental properties in the past two years. The company sold a Midtown West building for $48 million in May and rental building near Gramercy Park for $87.5 million in March 2016. Benchmark also sold a pair of Chelsea building for $27 million in November 2015.

The firm started marketing a Brooklyn Heights rental building for $22 million.

(To see a selection of properties owned by Benchmark Real Estate Group, click here)


Related Articles

arrow_forward_ios
Michael Gronager, chief executive officer, Chainalysis, in front of 114 Fifth Avenue (Chainalysis, LoopNet/Illustration by Steven Dilakian for The Real Deal)
Crypto data firm doubles space at Flatiron office
Crypto data firm doubles space at Flatiron office
A photo illustration of Austin, TX (iStock)
New York-based brokerage ramps up multifamily push in Texas, nationally
New York-based brokerage ramps up multifamily push in Texas, nationally
From left: Kristen Gilibrand, U.S. senator for New York; Ritchie John Torres, U.S. representative for New York's 15th congressional district (Getty Images)
Lawmakers push for heat sensor mandate in wake of Bronx fire
Lawmakers push for heat sensor mandate in wake of Bronx fire
(iStock)
Manhattan’s retail market ticks up toward rebound
Manhattan’s retail market ticks up toward rebound
Thompson Austin at 506 San Jacinto Boulevard, Austin, Texas (Hyatt)
Don’t call it a comeback: Austin hotels rebound but building never slowed
Don’t call it a comeback: Austin hotels rebound but building never slowed
Michael Medzigian, chairman and managing partner, Watermark Capital Partners (Watermark Capital Partners, iStock, Illustration by Kevin Cifuentes for The Real Deal)
Watermark Capital looks to sell indebted Holiday Inn in Chelsea
Watermark Capital looks to sell indebted Holiday Inn in Chelsea
From left: Kathy Hochul, governor of New York; Robert Mujica, director of the budget for New York State (Getty Images, iStock/Illustration by Steven Dilakian for The Real Deal)
$2B in Hochul budget could fund rent relief
$2B in Hochul budget could fund rent relief
1250 Mockingbird Lane, Dallas, TX (TXRE Properties)
Boston investor snags office building near Love Field in Dallas
Boston investor snags office building near Love Field in Dallas
arrow_forward_ios

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

Loading...