Efficiency Capital Advisors (ECA) is pleased to announce the successful closing of a Multifamily Apartment Building located in the middle of Manhattan’s popular Upper East Side, New York’s high-end residential neighborhood. The property is very well located on a tree-lined block just 4 minutes from the new 2nd Avenue subway line.
The building was acquired in November 2020, on behalf of one of the company’s exclusive clients in Japan.
ECA Advisors on the deal: William Crable, Scott Prina.
“We think it’s a great time to buy NYC Multifamily. In comparison with interest rates, net yields are higher than they have been in over a decade,” said ECA Japan President Scott Prina. ” In this case our team identified an opportunity to buy gut-renovated property, very near to completion, from a local developer. It is essentially a brand new building.”
“ECA is continuing to expand assets under management with select acquisitions for our Japan partners,” said ECA founder William Crable. “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 has a $3.5 Billion transaction track record, with more than 27 years in the US and 20 years in Japan.
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