Acquisitions
Taconic Investment Partners acquires two Bronx rental buildings
Published on
City Skyline Realty is the seller
Taconic Investment Partners and Clarion Partners have acquired 1534 Selwyn Avenue and 1197 Grand Concourse from City Skyline Realty for $27.8 million. The two multi-family properties span a total of 139,900 square feet, and contain 131 rent-stabilized apartments.
Acquisition financing: The partnership secured a $17 million loan from Sterling National Bank to close the deal. The properties are located in the Grand Concourse section of the Bronx.
Sound Smart: The duo paid $71 million for a 12-property portfolio spread throughout the borough in January, and already own a 1,416-unit housing complex in Eastchester Heights.
