Shorenstein closes on East Village property with Helaba cash

Holliday Fenoglio Fowler has closed the $57 million sale of and arranged $31 million in financing for 200 East 11th Street, a 54-unit, newly renovated apartment property in the East Village.

HFF marketed the property on behalf of the seller, Benchmark Real Estate Group, and procured the buyer, Shorenstein Company LLC.

Additionally, HFF secured acquisition financing on the new owner’s behalf through Helaba. The HFF investment sales team was led by Jeff Julien, Rob Hinckley and Steven Rutman.

The debt placement team included Geoff Goldstein, Scott Aiese and Rory Shepard.
200 East 11th Street is a 12-story, 53,000 s/f building with 54 apartments.

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