Efficiency Capital Advisors (ECA) is pleased to announce the successful closing of a 40-unit Multifamily Apartment Building. The property is centrally located, close to Central Park, and within minutes of the subway entrance.
The building was acquired in November 2018, on behalf of one of the company’s exclusive clients in Japan.
ECA Advisors on the deal: William Crable, Scott Prina.
ECA’s President and Founder Bill Crable commented: “Our management portfolio includes many of these Upper East Side Multifamily buildings, and the acquisition team was very comfortable with the rent roll following financial due diligence. Our Value Add team was also able to identify some improvements which will drive rents in selected units. We believe this will prove to be a very solid investment over the long term.”
We are continuing to expand assets under management with select acquisitions for our Japan partner portfolios. We wish to thank all of the professionals involved in the transaction.
ECA provides exclusive investment banking level real estate advisory services for Japanese Corporations and High-Net-Worth Individuals. The company is 100% focused on New York City Commercial Real Estate.
ECA New York Real Estate Advisors (New York)
611 Broadway, Suite 716, New York, NY U.S.A. 10012
Efficiency Capital Advisors K.K. (Tokyo)
Toranomon 40MT Bldg. 7F, 5-13-1, Toranomon, Minato-ku, Tokyo 105-0001
Tel: +81-3-4530-9724 Fax: +81-3-4530-9800