Benchmark Real Estate Group acquired a $51M interest from Simon Baron Development

Benchmark Real Estate Group’ Benchmark 166 Mezz Lp acquired an interest from Simon Baron Development through the entity JMW 75 Owner LLC valued at $51.5 million for 1 parcel, including the tax class multifamily, semi-fireproof with stores (D7) and containing 180 residential units at 166 West 75 Street in Upper West Side. The deal closed on August 12, 2019 and was recorded on August 15, 2019.
The property contains a total of 81,339 square feet of built space.
The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with 170 residential (or hotel) units on July 13, 2012.
Over the past five years, there have been 20 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $248,000. There were 19 renovation/alteration projects (A2) applied for with a total estimated value of $5,436,706.
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Direct link to the city’s interactive property map, ZOLA. link
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