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Meridian Capital Group announced today that its Institutional Investment Sales Group, led by Helen Hwang, has advised Park Row Realty, L.P. on the residential part of the sale of 15 Park Row to Atlas Capital Group, LLC, while Meridian Senior Managing Director, Morris Betesh, and Vice President, Alex Bailkin, arranged $109 million in financing for the acquisition.
Located on City Hall Park, and steps from both the World Trade Center Transportation Center and South Street Seaport, 15 Park Row is a luxury rental building that is easily accessible from Midtown and the Financial District and is within walking distance of nine subway lines. Originally the tallest building in the world when finished in 1899 as an office building, the property was converted to residential use in the early 2000s. The building features amenities including a fitness center, children’s playroom and tenant lounge, as well as newly constructed penthouse apartments.