Manhattan Portfolio
Investing in residential and commercial properties in Manhattan.
Featured Transactions
100 Pearl Street
100 Pearl Street is a 27-story corner modern office building in the Financial District spanning 963,045 SF across 27 stories. Northwind, together with our JV partner GFP Real Estate, entered into a contract to acquire the building in December 2017 and closed on the property in October 2019. The building is adjacent to the historic Stone Street, which is home to some of the most popular restaurants and bars in FiDi. The Partnership repositioned the property, executing some of the most notable leases in the downtown market, including a 24-year lease with NY Health and Hospital and a 20-year lease with the Securities and Exchange Commission. After completing a $250M modernization and leasing the property to 93% occupancy, the partnership sold the asset in 2021 for $850M.
40 Exchange Place
40 Exchange Place is a 20-story corner office building in the heart of the Financial District totaling approx. 300,000 Sq. Ft. Northwind acquired the property through a JV with GFP. It is located few steps away from Wall Street and is a short walking distance to the NYSE, Fulton Street Transit Hub (access to thirteen different Subway trains) and World Trade Center. The Partnership successfully re-positioned the property into a high quality multi-tenanted office building through major interior & exterior capital improvements, and Northwind sold its interest in 2018.
305 West End Avenue
305 West End is a beautiful 15-story building situated on the northwest corner of 74th Street and West End Avenue, a prime location in the Upper West Side neighborhood of Manhattan located one block from Broadway, Riverside Park and is a short walking distance to 1, 2 & 3 Subway trains. The property offers large units with great ceiling heights and magnificent Hudson River views.
Northwind acquired the property through a JV with Harrison Street Partners and Engel Burman Group and conducted a major capital improvement program that turned the property into a premier assisted-living facility in Manhattan totaling 239 units of which 40 are memory-care units dedicated for residents suffering from Alzheimer's, Memory Loss and Dementia. Northwind sold its 50% stake in the asset in 2021.
66 Pearl Street
66 Pearl Street is a mixed-use building centrally located in the heart of Manhattan’s Financial District at the intersection of historic Coenties Slip, Pearl Street, and Water Street. The property includes 42 residential apartments and 7 retail units including two-corner units with 253 feet of frontage on an open pedestrian plaza known as Coenties Slip Park. The building is in close proximity to all major subway lines, including the 1, 2, 3, 4, 5, A, C, E, J, M, R, and Z trains as well as the Ferry Boat Terminal. It is situated within blocks of the South Street Seaport, Battery Park and Stone Street, which contains some of FiDi’s most popular bars and restaurants. Northwind acquired the property in 2014 for $30 million and conducted a full gut renovation. In 2015 Northwind sold the retail portion and in 2017 the residential portion.
