TF Cornerstone and Trinity Place Holdings pay $138M to Nuveen for rental property in Williamsburg

January 22, 2020 7:06 am

TF Cornerstone and Trinity Place Holdings through the entity 250 N 10 Owner LLC paid Nuveen, formerly TIAA, Brklyn Ny 250 N 10th Street Owner LLC $137.8 million for 250 North 10th Street in Williamsburg. The deal closed on January 15, 2020, and was recorded on January 21, 2020. The transaction consists of 1 parcel, including the tax class multifamily, luxury type (D8) and containing 234 residential units. The property is 241,764 square feet. The parcel(s) have total development potential of 241,764 square feet.
The sale price per unit is $588,675.

The last time the property sold was May 1, 2015, when Nuveen bought it for $169,000,000.
The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building with 234 residential units on May 29, 2014.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

Share this article