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]


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