63 Wall St.

NEW YORK CITY—An affiliate of Rockpoint Group has acquired 63 and 67 Wall St. from affiliates of DTH Capital. According to earlier reports revealing the planned deal—and as relayed by an industry data source—the sale price is $429 million.

The two residential properties occupy a full city block on Wall Street, bounded by Beaver and Hanover streets. Terms of the transaction were not disclosed.

Eastdil Secured's Doug Harmon and Adam Spies reportedly arranged the sale. Hunton & Williams advised DTH Capital in connection with the sale. The firm's legal team was led by Carl Schwartz, co-chair of the global real estate practice, New York partner Matthew Scoville, and New York associate Katie Baranek.

Formerly serving as the headquarters for Brown Brothers Harriman & Co. and the Munson Shipping Co., 63 and 67 Wall Street were converted to residential use and now feature over 800 modern rental apartments.

Both buildings include amenity spaces for residents, on-site parking, and ground floor retail space. The buildings are also within close proximity to public transportation and several landmarks in Lower Manhattan, including One World Trade Center, the New York Stock Exchange, and South Street Seaport.

Steady gains in the US economy have resulted in net positives for the multifamily sector—will this wave continue for the foreseeable future? What's driving development and capital flows? Join us at RealShare Apartments on October 19 & 20 for impactful information from the leaders in the National multifamily space. Learn more.

 

63 Wall St.

NEW YORK CITY—An affiliate of Rockpoint Group has acquired 63 and 67 Wall St. from affiliates of DTH Capital. According to earlier reports revealing the planned deal—and as relayed by an industry data source—the sale price is $429 million.

The two residential properties occupy a full city block on Wall Street, bounded by Beaver and Hanover streets. Terms of the transaction were not disclosed.

Eastdil Secured's Doug Harmon and Adam Spies reportedly arranged the sale. Hunton & Williams advised DTH Capital in connection with the sale. The firm's legal team was led by Carl Schwartz, co-chair of the global real estate practice, New York partner Matthew Scoville, and New York associate Katie Baranek.

Formerly serving as the headquarters for Brown Brothers Harriman & Co. and the Munson Shipping Co., 63 and 67 Wall Street were converted to residential use and now feature over 800 modern rental apartments.

Both buildings include amenity spaces for residents, on-site parking, and ground floor retail space. The buildings are also within close proximity to public transportation and several landmarks in Lower Manhattan, including One World Trade Center, the New York Stock Exchange, and South Street Seaport.

Steady gains in the US economy have resulted in net positives for the multifamily sector—will this wave continue for the foreseeable future? What's driving development and capital flows? Join us at RealShare Apartments on October 19 & 20 for impactful information from the leaders in the National multifamily space. Learn more.

 

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Rayna Katz

Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.

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