JV Equity Opportunity | Residential Development | Hudson Yards Manhattan, NY
June 30, 2022
The Carlton Group is the exclusive advisor to the sponsors of 430 W 37th Street, an approved $178 million, 134-unit condominium development located in the Hudson Yards sub-market of NYC (“Project”). The Project will be a block-through development on the west side of Dyer Ave. stretching from 36th to 37th Streets.
We are seeking approximately $40 million of JV Equity to co-invest with the Sponsor.
Project Highlights:
- Projected returns are approximately 24% IRR and 2.2X equity multiple.
- The Project is situated in the Hudson Yards Special Purpose District, the most desirable office and residential market in Manhattan.
- The Project will consist of 134 condo units totaling 180,000 sq. ft., 21,000 sq. ft. of retail and 1,300 sq. ft. of community facility space.
- Experienced sponsor with over 20 years and 5 million sq. ft. of experience developing mixed-use, residential, and commercial projects in NYC.
If you have interest, more detailed information will be provided upon request.
Michael Campbell
Chief Executive Officer
Office.212.716.5611 | Mobile.201.232.5244
360 Madison Avenue NY, NY 10017
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212-716-5611
JV Equity Opportunity | Residential Development | Hudson Yards Manhattan, NY
