Connect with us

Hi, what are you looking for?

Jewish Business News

Real Estate

David Bistricer Buys Manhattan Riverwatch for $73.6 Million

70 Battery Park Place

David Bistricer’s Clipper Equity is about to buy Manhattan’s Riverwatch rental apartment building for $73.6 million, according to The Real Deal. The only issue yet to be resolved is the approval for the financing for the acquisition.

Clipper has reportedly taken out a $50 million mortgage on the property.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.

Located at 70 Battery Park Place, almost the very end of the southern tip of Manhattan by the financial district, Riverwatch first opened in 1999. All of its units at the time were slated as affordable housing. But it has been re-designated as an 80/20 building, with only 20% of its units reserved as rent stabilized. It has a total of 230, 766 square feet of space.

Right now it offers studios going for $2, 750 a month, one bedrooms for $3, 100 a month and 2 bedrooms for $5.600 a month.

The nine story building has a private courtyard with lush greenery. It has 209 units known for being spacious and many have river views. The building’s amenities include a bicycle room, a doorman, a concierge, laundry rooms, a gym, a full service garage and pets are allowed.

From the listing on Trulia: “The apartments of RiverWatch are available units in the New York City real estate market. For those seeking Post-war Mid-rise apartments, RiverWatch is available. These apartments are an example of rental living in Battery Park City. Apartments at 70 Battery Place have design features like hardwood floors. The apartments at 70 Battery Place are available for both established and brand-new New York City residents.”

It was designed by Hardy Holzman Pfeiffer Associates and originally developed by The Brodsky Organization.

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.