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Acquisitions

Slate acquires 60 East 12th Street

60 East 12th Street (Credit: StreetEasy)

Slate Property Group and Alcion Ventures have acquired 60 East 12th Street in Union Square from Heller Realty for $106.5 million, according to TRD. The residential building spans 124,630 SF, and contains 133 apartments, a retail component (4,774 SF), and a parking garage.

Dig Deeper: The 13-story building has a 24-hour doorman and has an average monthly asking rent of $3,884, according to StreetEasy. The majority of the units are free market and not subject to the new rent regulation laws.

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