Slate Property Group, an owner, operator and developer of residential and commercial real estate in the New York metropolitan area, in partnership with Avenue Realty Capital (ARC), has acquired 45 White Street, a seven-story multifamily rental building in the heart of Manhattan’s prized Tribeca neighborhood.
The partnership purchased 45 White from Benchmark Real Estate Group for $32 million. The acquisition was financed by White Oak Real Estate Capital.
Comprising 33,500 gross square feet, 45 White features 16 residential units ranging from one to four bedrooms. All residences include high ceilings, oversized windows, central air conditioning and high-end finishes. Building amenities include a fitness center, children’s playroom and bicycle storage.
“The market for properties of 45 White’s caliber is extremely competitive, particularly in prime, supply-constrained neighborhoods like Tribeca,” said Brian Vetter, CIO at Slate Property Group. “45 White
