Kifo USA pays $83.8M to TriHill Management, Pebb Capital for rental in Morningside Heights

Kifo USA through the entity Monarch Heights LLC paid $83.8 million to TriHill Management and Pebb Capital through the entity Collegium West 120th Street LLC for the 80-unit rental (D3) at 415 West 120th Street in Morningside Heights, Manhattan.
The deal closed on November 3, 2021 and was recorded on November 15, 2021.
The property has 58,647 square feet of built space according to PincusCo analysis of city data. The sale price per built square foot is $1,428 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)

The signatory for TriHill Management and Pebb Capital was Todd Rosenberg. The signatory for Kifo USA was Gabriel Harvey.
(121188393)The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building with 80 residential units on August 28, 2020. (121188393) Plans for a 80-unit, 54,314 square-foot R-2 were filed on May 16, 2018 and were permitted on April 16, 2019.
The Real Deal reported that the buyer was a foreign individual.

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