Canvas Property, Declaration Partners, Tokyu US Land Corporation JV Pays $104.5M ($512,255/unit) for Gramercy Park Apartments in NYC

10/23/2024

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Connect CRE

• Subcategory: MF: Market Rate

• Tag: JV-Partnership | Sale

• Additional Filters-Subcategory: MF: Midrise

• Additional Filters-Tags: Sale: Investment, Sale: Single Property

• Company: Jones Lang LaSalle (NYSE: JLL)

JLL Capital Markets completed the $104.5-million sale of 210-220 E. 22nd St. a seven-story, 204-unit rental building located in Manhattan’s Gramercy Park neighborhood. A JLL team including Andrew Scandalios, Jeffrey Julien, Rob Hinckley and Steven Rutman represented the seller, a global real estate investment advisor and the buyer, a joint venture of Robert Morgenstern’s New York-based Canvas Property Group, Declaration Partners and Tokyu Land US Corporation.