Atlas Capital Group acquires 130-unit, 100,000 s/f property

Manhattan, NY Atlas Capital Group, a full-service real estate investment, development, and management firm, acquired 250 East Houston St., a recently renovated, Class A multifamily property located in the East Village. 

The transaction was brokered by JLL, led by Rob Hinckley and Jeff Julien. 

The acquisition builds on Atlas Capital Group’s recent activity across New York City, including preferred equity investments in the acquisition and pre-development of 175 Third St. and 205 Montague St. in Brooklyn. Through its preferred equity platform, Atlas provides flexible capital solutions alongside development and operational expertise tailored to select residential projects throughout the city. 

The 13-story, 100,000 s/f property comprises 130 residential apartment units and 9,000 s/f of ground-floor commercial space. The building features high-end finishes throughout, with 75% of the apartments offering private balconies. Residents also enjoy a suite of amenities, including a rooftop, landscaped courtyard spaces, an athletic club, and a tenant lounge, designed to appeal to the area’s young, professional renter demographic. 

250 East Houston St. benefits from transportation access via the B, D, F, M, J, and Z subway lines, as well as proximity to the East River Esplanade. The surrounding area offers a selection of retail, dining, and lifestyle options, reinforcing the property’s position as a premier multifamily asset in New York City. 

In addition, Atlas, founded in 2006 by Jeffrey Goldberger and Andrew Cohen, is currently co-developing two projects: a luxury condominium development in the West Village at 80 Clarkson St. and a senior affordable housing project at 570 Washington St., underscoring the firm’s commitment to a diversified residential investment strategy across New York City.