Ohio State Teachers Retirement Acquires 50% Of Retail & Rental Portion Of Mixed-Use Asset In Greenpoint, Brooklyn

The property involved in the transaction is a mixed-use asset located at 21 India Street in Greenpoint, Brooklyn, New York. The property comprises 95 condos, 287 rentals, and retail spaces. It has a total of 40 stories with a square footage of 454,500 and a price per square foot of $770. The transaction value for the property is $350,000,000.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $350,000,000
• Units: 95 Condos, 287 Rentals, Retail
• Stories: 40
• Square Footage: 454,500
• Price Per Square Foot: $770

The Ohio State Teachers Retirement has acquired a 50% interest in the retail and rental portion of the property. The buyer was represented by Adam Spies, Avery Silverstein, Doug Harmon, Marcella Fasulo, and Richard Mack.