Efficiency Capital Advisors (ECA) is pleased to announce the successful closing of a Mixed-Use Commercial / Residential Building located in Manhattan’s very popular East Village. The property is centrally located, close to transportation, and just a 3-minute walk from Tompkins Square Park.
The building was acquired at the end of May 2021, 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: “We are always looking for high quality properties and Covid-19 has put pressure on prices, providing some unique opportunities. Our management portfolio includes many of these Mixed-Use buildings, and the acquisition team was very comfortable with the leases following due diligence. The condition of the building was first rate, and it was 100% occupied even in the middle of a pandemic. We believe this will prove to be a very solid investment over the long term.”
“ECA is continuing to expand assets under management with select acquisitions for our Japan partners,” said ECA Japan President Scott Prina. “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, and triple net lease (NNN) properties throughout the US.
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