Maurice Mann’s Mann Realty has sold a 67,000-square-foot Gramercy Park rental building to Benchmark Realty for $39 million, The Real Deal has learned.
This most recent purchase brings Benchmark’s expanding portfolio to a total 500 units in 17 buildings, Jordan Vogel, principal of the newbie investment firm, said.
The property management and residential development company offloaded the […]
Benchmark Real Estate, which focuses on acquiring and improving multifamily properties, has just closed on the purchase of an apartment building at 425 Third Avenue in Kips Bay for $44 million.
Jordan Vogel, co-founder and managing member of the company, confirmed the deal to The Mortgage Observer.
The company partially financed the purchase with a $36 million […]
Jared Kushner has purchased a $53 million portfolio of seven walk-ups in the East Village, West Village and in SoHo from Benchmark and will soon close on an eighth property, which will bring the total to $58 million.
According to Aaron Jungreis, of Rosewood Realty Group, who represented Benchmark, the deal started as the one building, off-market purchase […]
Robert Stolarik for The New York Times
The Silverstone Property Group is renovating two buildings it recently acquired at 162 and 164 East 82nd Street.
“When we bought it, the rent rolls were about $300,000, but after renovating the apartments and pushing up rents, it is now generating $1 million,” said Jordan D. Vogel, co-founder of the […]
By Miranda Neubauer
Soho-based Benchmark Real Estate Group has sold its first building, also the first building it purchased, at 142 Sullivan Street for $9.425 million, according to Aaron Feldman, co-founder of Benchmark, and public records filed Tuesday.
The buyer, Feldman said, is Edward Ostad, owner of Galiano LLC, an entity of Vorillas LLC, which is […]
A five-story, mixed-use building with a upmarket address, 10 Fifth Ave., has been purchased for $9.5 million—17% below the asking price—by Benchmark Real Estate Group. The seller on the deal that closed at the end of March, had sought $11.5 million.
“The buyers valued the property at $10.5 million, so they were pleased to get the […]
A look at the top 35-and-under NYC real estate players by Candace Taylor
Jordan Vogel, 32, and W. Aaron Feldman, 31, Benchmark Real Estate Group: The Next Big Landlords
Jordan Vogel and Aaron Feldman met while working at veteran broker Stephen Siegel’s acquisition and development firm, SG2 Properties.
Vogel headed up acquisitions for the company, while […]
By Roland Li
By the end of the week, Benchmark Real Estate Group, LLC will have an eight-building portfolio of multifamily properties in Greenwich Village and Soho. By the end of the year, the company hopes to add an additional four or five properties.
Last November, Benchmark purchased 156 Sullivan Street, a 16,000 s/f building with 22 […]
By Max Gross
Renters generally look at their landlords in two ways. Either as people they’d like to drop in a vat of molten lava, or as people worthy of their unyielding envy.
“Hey,” goes the reasoning, “why can’t I get paid to let someone else live in my property?”
Well, now might be your moment. For $1.8 […]
By Jason Turcotte
A pair of prime mixed-use properties has sold to a newly formed investment firm. Benchmark real Estate Group recently closed on the $11.2 million acquisition of 120 MacDougal Street and 142 Sullivan Street six months after pursuing the purchase.
According to Jordan Vogel, principal at Benchmark – which he launched in February with Aaron […]