April 8, 2025 - 16:32
NEW YORK, NY - A significant investment has been made in the heart of New York City as Hamilton Lane, a prominent private markets investment management firm, has acquired an 85% interest in a multifamily portfolio consisting of four assets in lower Manhattan. This $74 million deal involves a total of 126 multifamily units along with 11,050 square feet of valuable ground-floor retail space, strategically located in the sought-after neighborhoods of the West Village and SoHo.
The acquisition highlights Hamilton Lane's commitment to expanding its footprint in the competitive New York real estate market. The portfolio not only offers residential units but also presents a unique opportunity for retail presence in one of the city's most vibrant areas. With the combination of multifamily living and retail space, this investment is poised to benefit from the ongoing demand for housing and commercial activity in lower Manhattan.
As the urban landscape continues to evolve, Hamilton Lane's strategic move reflects confidence in the long-term potential of New York City's multifamily sector, reinforcing its position as a key player in the market.
