Manhattan 7-Building Portfolio Sells for $81M
Manhattan 7-Building Portfolio Sells for $81M A seven-building portfolio of prewar residential properties in Lower Manhattan sold for $81 million in a single transaction, according to public property records. The package comprised 125 residential units and occupied retail space, underscoring a mixed-use income profile in tightly held neighborhoods. Public filings show the deal covered Lower Manhattan assets rather than a citywide collection. One identified property, 185 East Houston Street, is a six-story, 31-unit apartment building on the Lower East Side that recorded a $30.8 million sale price. Buyer Targo Capital Partners acquired the assets from S&H Equities in a seven-property deal . Retail tenants across the portfolio included Pasta Lab and Ankara. The transaction highlights continued investor focus on established prewar stock where rent growth and retail demand can shape capital allocation decisions. JLL’s involvement in marketing the broader S&H portfolio also points to...