Slate Property Group LLC and Alcion Ventures LP bought the 133-unit multifamily property at 60 E. 12th St. in Manhattan, N.Y., for $106.5 million, The Real Deal reported, citing Slate co-founder and principal Martin Nussbaum.
The venture acquired the fee interest in the property in an off-market deal with Heller Realty, terminating the 13-story building's previous ground lease, according to the Aug. 15 report.
The building comprises 116,000 square feet with 5,100 square feet of ground-level retail space and an attached parking garage.
