Aulder Capital pays $21.7M to Henley Investment for rental in Yorkville

Aulder Capital through the entity East 84th Apts LLC paid $21.7 million to Henley Investment Management through the entity Husa E84, LLC for 72-unit rental (C1) at 409-413 East 84th Street in Yorkville, Manhattan.
The deal closed on June 22, 2021 and was recorded on July 9, 2021.
The property has 31,152 square feet of built space and 0 square feet of additional air rights for a total buildable of 30,852 square feet according to PincusCo analysis of city data. The sale price per built square foot is $696 per the PincusCo analysis.
The owner bought the property on 11-Oct-17, for $21.0 million.
The signatory for Henley Investment Management was Garrett Solomon. The signatory for Aulder Capital was John Reid.
Over the past five years, there have been 22 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 22 renovation/alteration projects (A2) applied for with a total estimated value of $1.5 million.
Garrett Solomon is CIO of Henley Investment Management. John Reid is director of Aulder Capital. 
The former owners according to the Department of Housing Preservation and Development includes Garrett Solomon, head officer and Jesuf Mema, site manager. The business entities are Canvas Property Group Llc and Husa E84, Llc.
Within a 400-foot radius of 409-413 East 84th Street, PincusCo identified one commercial real estate item of interests occurred over the past 24 months.
It was a permit application filed on February 18, 2020 for the $319,000 renovation of 261,150-square-foot R-2 building with 181 residential units at 1617 1st Avenue.

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