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Manhattan-based real estate company Rudd Realty Management Corp. had owned the buildings for several decades.
A joint venture between executives from L3C Capital and Peak Capital has acquired six apartment buildings in Manhattan, according to New York City records made public this week.
The duo, using 200 W. 80th Owner LLC, paid $32.5 million to acquire buildings at 410 to 416 Amsterdam Ave. and 202 to 204 W. 80th St. on Manhattan’s Upper West Side, records show. The buildings range from 115 to 130 years old.
The Upper West Side acquisition includes 70 residential units, a total of 60,000 square feet of building space, and several retail units home to businesses such as Sandwell, Amorino Gelato, Laina Jane and French restaurant La Sirène.
The seller is an affiliate of Manhattan-based real estate company Rudd Realty Management Corp., which had owned the building through affiliate companies for several decades. Its owner, Frederick Rudd, died last year at the age of 70.
Commercial lender Argentic Real Estate Finance entered a $29.8 million loan agreement on the properties with L3C Capital and Peak Capital, records show. Argentic has recently provided loans on the former General Tools & Instruments building, the former Helen Keller Service for the Blind headquarters and the original Barney’s New York department store in Chelsea.
Peak Capital Advisors, a Brooklyn-based firm, owns real estate properties in its home borough and Manhattan. The David Gomez- and Alex Rabin-led firm focuses on redeveloping multifamily and mixed-use properties throughout New York City.
L3C Capital, a Manhattan-based firm founded by Jonathan Leifer, also owns a mix of residential and commercial buildings throughout Manhattan and Brooklyn. Outside of New York City, the firm owns properties in Nashville, Tallahassee, Miami, Virginia, Maryland and Philadelphia.
L3C Capital and Peak Capital did not return requests for comment at the time of publication.
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