Action heating up on Midtown South buildings
December 17, 2014

The 84-unit newly constructed luxury rental apartment building in Boerum Hill, The Bergen, at 316 Bergen St. was sold for $52.2 million to a private European investor.

Woody Heller, Will Silverman and Eric Negrin of Savills Studley marketed the 100 percent leased property on behalf of the developer, Miki Naftali’s Naftali Group. The building raised area expectations as it has great design by ODA Architects and comes with lots of amenities just four blocks from the Barclays Center.

“The building was a roaring success in the rental market and received equally well by investors,” said Heller. Three of the five finalists were first-time, offshore buyers, he added.

The sale is the first that was sourced through the company’s new international network since Studley was purchased by Savills earlier this year.

Action heating up on Midtown South buildings

Related Stories

Law Firm Employment and Space Trends
National Office Sector Report (Q3 2014)