210-220 E. 22nd Street in New York City

Joint Venture Purchases 204-Unit Building in Manhattan for $104.5 Million

by Channing Hamilton

NEW YORK CITY — JLL has arranged the $104.5 million sale of a 204-unit property located at 210-220 E. 22nd Street in Manhattan’s Gramercy Park neighborhood. The building consists of 204 units across seven stories. The unit mix includes 82 studios, 75 one-bedroom units, 39 two-bedroom residences and eight three-bedroom apartments.

Amenities include a fitness center, resident lounge and onsite laundry facilities. The property was 95 percent occupied at the time of sale.

Andrew Scandalios, Jeffrey Julien, Rob Hinckley and Steven Rutman of JLL represented the undisclosed seller in the deal. The team also procured the buyer, a joint venture between Canvas Property Group, Declaration Partners and Tokyu Land US Corp.

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