Feil buys Lenox Hill fitness mecca for $27M

Acadia Realty Trust paid $18M for the property in 2013

New York /
Dec.December 04, 2017 06:00 PM

201 East 67th Street and Jeffrey Feil

Jeffrey Feil’s Feil Organization paid $27 million for a five-story building in Lenox Hill, known for its tenant roster of boutique fitness studios.

The seller, Acadia Realty Trust, bought the 12,250-square-foot building at 201 East 67th Street, at the corner of Third Avenue, for $18 million in 2013.

In 2011, spin studio Flywheel leased the third floor of the building, and later opened a Flybarre studio on the second floor. In 2015, fitness studio SLT opened on the fourth floor, and CrossFit competitor the Fhitting Room opened its third New York City location in the building’s penthouse. The ground-floor, home to retailer Vineyard Vines, is still a sweat-free zone.

Feil financed the acquisition with a $18 million loan from Bank of America, upping the previous $12.5 million mortgage on the property by $5.2 million. The building has an alternative address at 1151 Third Avenue.

The deal was brokered by RKF’s investment sales team, Brian Segall and George Martinecz, who represented both the buyer and seller. RKF represented Acadia on the purchase back in 2013 as well, and facilitated several of the tenant leases.

Acadia recently sold a 53,000-square-foot office building at 4055 10th Avenue in Inwood for $31 million, and is in the process of a condo conversion at a Noho property — that was originally known as the Empire State Building — with a $136 million sellout, among other projects.


Related Articles

arrow_forward_ios
The tax break allows foreign visitors to reclaim a sales tax of 20 percent on items bought in the country for more than £30 (Getty; Unsplash)

UK tax break expiration could hurt struggling retailers

UK tax break expiration could hurt struggling retailers
Istanye Park in Istanbul (Photo via Wikipedia Commons)

Turkish mall valued at $1B in deal with Qatar

Turkish mall valued at $1B in deal with Qatar
258 8th Avenue (Google, Target)

Target planning yet another NYC store in Chelsea

Target planning yet another NYC store in Chelsea
Churchill Real Estate's Justin Ehrlich and 381 Broadway (Google Maps)

Two-year Tribeca foreclosure saga continues with lawsuit over $20M

Two-year Tribeca foreclosure saga continues with lawsuit over $20M
Adam America's Omri Sachs and Dvir Cohen with 2503-2509 Broadway (Google Maps; Adam America)

Adam America secures $63M in financing for Upper West Side project

Adam America secures $63M in financing for Upper West Side project
Convene CEO Ryan Simonetti (Convene)

Convene closes Manhattan locations as corporate events fail to return

Convene closes Manhattan locations as corporate events fail to return
New York City District Council of Carpenters’s Monitor Glen McGorty (iStock; LinkedIn)

NYC carpenters union changes how it roots out mob ties

NYC carpenters union changes how it roots out mob ties
The Economic Innovation Group identified 145 real estate investments in Opportunity Zones (iStock)

Real estate deals dominate Opportunity Zones. Is that bad?

Real estate deals dominate Opportunity Zones. Is that bad?
arrow_forward_ios

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

Loading...