Tokyu Land US Corporation Acquires Mixed-Use Property From AMAC For $56.25M In Lower East Side

The mixed-use property located at 10 Rutgers Street in the Lower East Side encompasses 83 units across a total area of 58,797 square feet. The recapitalization amount for this transaction was $56,250,000.

Summary of transaction details:

• Property Type: Mixed-use (Multi-Housing & Retail)
• Transaction Amount: $56,250,000
• Units: 83
• Square Footage: 58,797
• Buyer: Tokyu Land US Corporation
• Seller: AMAC
• Broker Representatives: Rob Hinckley, Jeffrey Julien, Steven Rutman, Guthrie Garvin & Lauren Kaufman - JLL

This transaction involved notable representatives from JLL, including Rob Hinckley, Jeffrey Julien, Steven Rutman, Guthrie Garvin, and Lauren Kaufman, who played significant roles in facilitating the recapitalization process. The collaboration among these brokers was crucial in executing the deal between the buyer, Tokyu Land US Corporation, and the seller, AMAC.