BlackRock Unloads Uptown Building for $16.8 M.BlackRock BlackRock Inc. (NYSE: BLK) is a major American investment management firm. As of September 30, 2007, BlackRock’s assets under management totaled $1.3 trillion[2] across fixed income, liquidity, equity, alternative investment and real estate strategies. may not have made the best deal when it decided to partner with Tishman Speyer and spend $5.4 billion on Stuy Town and Cooper Village in 2006, but the investment firm sure played its cards well in Morningside Heights. On Oct. 14, BlackRock, along with real estate investment firm Northbrook Partners, sold the building at 204 West 108th Street for $16.8 million—$6.4 million more than it paid for the property back in 2005. The buyer, a Yonkers-based entity called LM 204 West 108 LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , could not be reached for comment. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. PropertyShark, the six-story building, erected around 1915, houses 48 apartments. “About half of the apartments are market-rate, and about half are stabilized sta·bi·lize v. sta·bi·lized, sta·bi·liz·ing, sta·bi·liz·es v.tr. 1. To make stable or steadfast. 2. with upside Upside The potential dollar amount by which the market or a stock could rise. Notes: This is basically an educated guess on how high a stock could go in the near future. See also: Bull, Downside ,” said Brian Ezratty, who, along with his Eastern Consolidated colleagues Deborah Gutoff and Ronda Rogovin, represented the seller. David Kalish, also from Eastern Consolidated, represented the buyer. drubinstein@observer.com 
|
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion