Akelius pays Marolda $24M for LES rental complex

Akelius Real Estate Management, a subsidiary of Swedish investment firm Akelius Residential Property, picked up a three-building Lower East Side rental complex from Lawrence Marolda’s Marolda Properties for $24 million. The deal marked Akelius’ first Manhattan purchase and a continuation of its expansion into the U.S. The adjacent five- and six-story properties at 144-150 Ludlow Street, between Stanton and Rivington streets, span nearly 35,000 square feet. The majority of the 52 apartments are rent-regulated, one-bedroom … [more]

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s