NEW YORK CITY—HFF has closed the $31 million sale of 321 East 22nd Street, a 117-unit, six-story multi-housing property in Gramercy Park.
HFF marketed the property on behalf of the seller, GID Investment Advisors LLC. BRG (Benedict Realty Group) purchased 321 East 22nd Street for $31 million.
321 East 22nd Street is located between First and Second Avenues near Midtown Manhattan in Gramercy Park. The 96 percent leased property has an average unit size of 441 sq. ft. and includes 6,000 sq. ft. of commercial space.
The HFF investment sales team representing the seller was led by senior managing directors Andrew Scandalios and Jose Cruz, and directors Jeffrey Julien and Kevin O’Hearn.