DLJ Real Estate buys Williamsburg loft building for $41M

DLJ Real Estate Capital Partners has purchased a Williamsburg loft property from the family of Norman Seidenfeld and Zelda Mehl for $41.25 million, according to property records. The firm is the new owner of 151 Kent Avenue, which hit the market last year seeking $52 million. The three-story building is fully leased and spans 56,550 square feet with 46 units. The building used to be a factory but was converted into lofts in the late 1990s. […]

from The Real Deal New York http://bit.ly/2GoP0J6

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