Efficiency Capital Advisors (ECA) is pleased to announce the successful closing of a Multifamily Apartment Building located close to the High Line, in Manhattan’s Chelsea area.
The building was acquired in August, 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: “With the rezoning of the neighborhood and the development boom along the High Line, West Chelsea continues to be transformed.” Regarding the equity placement, he added: “The location of this asset is ideal. When combined with the physical characteristics of the existing structure and the strength of the rental growth in this particular submarket, our Value Add team saw the potential for significant upside following full renovation of the property.”
We are continuing to expand assets under management with select acquisitions for our Japan partners. We wish to thank all of the professionals involved in the transaction.
ECA provides exclusive investment banking level 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