"Slate Property Group and Avenue Realty Capital have acquired 45 White Street, a seven-story cast-iron multifamily building in Tribeca, for about $32 million, expanding their footprint in a competitive rental market."
"The property, which spans approximately 33,500 square feet, includes 17 residential units and multiple commercial spaces, showcasing a mix of street-level commercial and loft-style residences."
"Interiors feature high ceilings, oversized windows, and high-end finishes, with amenities including a fitness center, children's playroom, and about 2,000 square feet of commercial space at street level."
Slate Property Group and Avenue Realty Capital purchased 45 White Street, a seven-story multifamily building in Tribeca, for about $32 million. The property spans roughly 33,500 square feet and includes 17 residential units along with commercial spaces. The building features high ceilings, oversized windows, and amenities such as a fitness center and children's playroom. This acquisition marks the partners' second purchase in Tribeca within six months, following their earlier acquisition of 81 Franklin Street for around $30 million, indicating a strategic focus on lower Manhattan conversions.
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