Jonathan Rose Cos., L&M Development Partners & Acacia Network Acquires Multifamily Property In East Harlem For $223M

The multifamily property located at 1681 Madison Ave. in East Harlem has been involved in a recent transaction.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $223,000,000
• Units: 348
• Lender: New York City Housing Development Corp., the New York City Department Of Housing Preservation & Development, New York City Council & NYSERDA
• Landlord: Jonathan Rose Cos., L+M Development Partners & Acacia Network

The financing for the property was provided by the New York City Housing Development Corp., the New York City Department Of Housing Preservation & Development, New York City Council, and NYSERDA.

The property is owned by Jonathan Rose Cos., L+M Development Partners, and Acacia Network.