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Acquisitions

Feil acquires 201 East 67th Street

Bank of America provided the acquisition financing

Unit inside 201 East 67th Street (Credit: Zillow)

The Feil Organization has acquired 201 East 67th Street for $27 million from Acadia Realty Trust, according to TRD. It is located at the corner of 3rd Avenue and contains 12,250 square feet. Workout studios occupy the top 4 floors, and Vineyard Vines is on the ground floor.

Financing: Feil financed the acquisition with an $18 million loan from Bank of America, increasing the previous $12.5 million mortgage on the property by $5.2 million.

Worth Nothing: Acadia paid $18 million for the property in 2013. Additionally, they sold a 53,000-square-foot office building in Inwood for $30.6 million (paid $5 million in 2006).

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