Goldstein, Klein and Pratt of JLL arrange $80 million financing for 152-unit 110 Horatio St. property

Manhattan, NY JLL has secured $80 million in financing for 110 Horatio St., a 10-story, 94,000 s/f multifamily property located in the West Village neighborhood.

JLL represented the borrower, 110-114 Horatio II, LLC, an entity controlled by principals of Rockrose Development, to arrange a 10-year, fixed-rate loan from investment manager AXA IM Alts, acting on behalf of clients.

Located adjacent to the Hudson River, 110 Horatio St. offers residents a combination of waterfront views and access to one of New York City’s most desirable neighborhoods. The property is 98.7% occupied with 152 total units, including 87 studios, 42 one-bedrooms,18 two-bedrooms and five penthouse units. The building also recently completed a renovation, enhancing the interior space of all 152 units.

110 Horatio St. features a market-leading amenity package, including a 24-hour attended lobby, landscaped roof terrace, residents’ lounge, bike room, laundry facility, elevator service and a fitness center, among other offerings.

The JLL financing team for the transaction included Geoff Goldstein, Steven Klein and Chris Pratt.

Tags: Brokerage

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