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Tribeca Sale Reflects Lively Market

Castellan Real Estate Partners

Castellan Real Estate Partners in New York City owns, develops, and manages real property with a long-term view to facilitating profitable sales of its investments. The company has acquired numerous assets that had lost value due to neglectful management practices, and has restored and improved them, with a focus on respect for the needs of residents. In May 2017, Castellan Real Estate Partners purchased the fully-leased property at 90 Chambers Street in Tribeca, with a view to expanding its value in an already thriving neighborhood, between Church Street and Broadway.

The $10.7 million sale added to the company’s portfolio a mixed-use property offering strong potential for conversion of its five stories into condominium units. The property currently offers more than 2,000 square feet of retail storefront on its ground floor. Its residential spaces include three floors of loft apartments and two fifth-floor residences. Residents enjoy amenities such as marble bathrooms and stainless steel kitchen appliances.

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