Dalan Real Estate And Hamilton Lane Acquire Alphabet City Multifamily For $19.8M From Udi Kore

The transaction involves three multifamily properties located at 194 Avenue A, 196 Avenue A, and 503 East 12th Street in the Alphabet City area of Manhattan. The total sale price for the assets was $19,800,000, with a combined square footage of 16,336 and a price per square foot of $1,212.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $19,800,000
• Buyer: Dalan Real Estate & Hamilton Lane
• Seller: Udi Kore - Avenue Realty Capital
• Total Square Footage: 16,336
• Price Per Square Foot: $1,212

Hamilton Lane, through its Va Re Sma LP entity, acquired a 90% stake in the three properties from Avenue Realty Capital. This transaction illustrates the collaboration between notable entities in the real estate sector, with significant involvement from both Dalan Real Estate and Hamilton Lane in the acquisition process.