Taconic Investment and Denham Wolf acquire 400,000 s/f
Taconic Investment Partners LLC and Denham Wolf Real Estate Services, Inc. have acquired the historic 400,000 s/f American Bank Note Building in the Hunts Point neighborhood. The 96 year old building was acquired for $32 million from the Blauner family.
A fund managed by DLJ Real Estate Capital Partners, Inc., a unit of Credit Suisse, also is a participant in the new ownership; i-Star Financial and the N.Y.C. Investment Fund provided financing. Evan Pariser, managing director of Holliday Fenoglio Fowler, LLP arranged financing.
Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.
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