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Acquisitions

Akelius buys 1274 Fifth Avenue

Sellers are SL Green and Stonehenge

1274 Fifth Avenue (Credit: StreetEasy)

Kunal Chothani’s Akelius Real Estate Management has acquired 1274 Fifth Avenue from SL Green Realty and Stonehenge Partners for $44.1 million, according to TRD. The 56,670 square-foot rental building contains fifty four units and is located between 108th Street and 109th Streets.

Flashback: Stonehenge paid $11.9 million for the property in 2003. In December 2014, SL Green bought Joel Seiden’s 50 percent stake in Stonehenge’s New York City apartment portfolio, comprised of 2,815 rental apartments and 43,000 square feet of retail space.

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