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Praedium Group

825 Third Avenue
New York, NY 10022
(212) 224-5600
Website
[email protected]

Praedium Group is a real estate investment trust focused on the middle market, targeting underperforming properties for less than $75 million. Its primary geographic focus has been the Midwest and Pacific Northwest, but it also has invested extensively in Manhattan. Formed in 1991, the firm has completed more than $10 billion in transactions and has sponsored more than eight private equity funds. In 2001 Montreal-based Caisse de depot et placement du Quebec invested $100 million in Praedium, and the two institutions have had a long-term partnership ever since. Praedium has a particularly active year in 2015, as it competed more than $2.5 billion in transactions during the first eight months of that year (most of which was from liquidation). Those transactions included 40 apartment properties and more than 600,000 square feet of office and retail space. For many of its deals Praedium prefers to partner with local firms, such as with Pinnacle Group, which it has joined with on many Manhattan transactions (the two joined on a buying spree that bolstered Pinnacles profile between 2004 and 2006).

  • Event Sales
  • Address 143 Linden Street 2513 Newark Avenue 416, 422 East 17th Street 1617 President Street 233 East 77th Street 237 West 18th Street 349 East 51st St
  • Neighborhood Midtown
  • Borough Brooklyn
  • Price $ 32,000,000
  • Event Sales
  • Address Upper West Side portfolio
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Price $ 17,050,000
  • Event Sales
  • Address 182 West 82nd Street
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Price $ 17,050,000
  • Publication Date 10/01/2012
  • Event Date 08/22/2012
  • Party 1 Portnof Realty Corporation
  • Party 1 Brokerage Besen & Associates
  • Party 1 Broker Abraham Aderet, Iris Rossano, Amit Doshi
  • Party 2 The Naftali Group, Praedium Group
notes
The package of contiguous apartment buildings sold for $17.05 million. The properties are located at 176, 178, 180 and 182 West 82nd Street.
  • Event Sales
  • Building Name 176-182 82nd Street
  • Address 176 82nd Street
  • Borough Manhattan
  • Price $ 17,000,000
  • Publication Date 09/01/2012
  • Event Date 07/23/2012
  • Party 1 Navistone Amsterdam LLC
  • Party 2 Praedium Group
notes
The package of buildings sold for $17 million. The sellers acquired the properties for $18.7 million in May 2008. Includes 182 82nd Street.
  • Event Sales
  • Address 109 Gold Street
  • Neighborhood DUMBO
  • Borough Brooklyn
  • Price $ 14,500,000
  • Event Sales
  • Address 109-15 and 109-25 Merrick Boulevard
  • Neighborhood Jamaica
  • Borough Queens
  • Price $ 9,050,000
  • Event Sales
  • Address East Harlem portfolio
  • Borough Manhattan
  • Price $ 26,900,000
notes
The affordable housing portfolio sold for $26.9 million. Known as Met Paca I and Met Paca II, the buildings operate under a Section 8 rent subsidy contract with the U.S. Department of Housing and Urban Development. The new owner plans to continue to maintain the portfolio as affordable housing.
  • Event Sales
  • Address 20 Henry Street
  • Neighborhood Brooklyn Heights
  • Borough Brooklyn
  • Price $ 19,600,000
  • Event Sales
  • Address Brooklyn and Bronx portfolio
  • Neighborhood Midtown
  • Borough Brooklyn
  • Price $ 47,100,000
  • Event Office Leasing
  • Address 825 Third Avenue
  • Neighborhood Midtown East
  • Borough Manhattan
  • Square feet 9,700
  • Publication Date 03/01/2005
  • Event Date 01/20/2005
  • Party 1 Brokerage CBRE
  • Party 2 Praedium Group
  • Party 2 Brokerage Newmark Grubb Knight Frank
  • Party 2 Broker Scott Klau
notes
Moves from 950 Third Ave
Brooklyn, 11225
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