The Real Deal New York

Akelius picks up Park Slope rental buildings for $35M

Company purchased properties at 181-182 Prospect Park West and 409-421 14th Street
By Eddie Small and Mark Maurer | December 14, 2017 05:30PM

Kunal Chothani, 181 and 182 Prospect Park West

Akelius Real Estate Management has closed on a pair of Park Slope deals for a total of roughly $35 million, sources told The Real Deal.

The U.S. arm of the Swedish real estate giant Akelius bought two contiguous buildings with 34 units at 181 and 182 Prospect Park West for $14.7 million, and it purchased seven contiguous buildings with 44 units at 409-421 14th Street for $20.75 million, according to sources familiar with the deal. The buildings contain a mix of rent-stabilized and free-market apartments.

Michael Stimler

Michael Stimler of Greysteel represented both sides in the deals.

Deepak and Neera Raj were the sellers of both sets of properties, according to records. They had purchased the Prospect Park West properties in 2015 for $11.7 million and the 14th Street properties in 2015 for $19 million.

Akelius has primarily been focused on Brooklyn rentals, but the firm made a pair of Manhattan purchases in August, picking up two adjacent rentals at 225 West 23rd Street and 220 West 24th Street for $100 million and closing on the roughly $61 million purchase of 321 East 22nd Street.