266 West 96th Street
New York, NY
In December 2021, Peakhill Equity Partners closed on a partnership with Fetner Properties and a global investment manager to acquire and develop a 23 story, 171-unit multi-family rental tower on Manhattan’s prosperous Upper West Side. The project includes 67 affordable units (39% of units) as well as 80 furnished micro-studio units, a unique offering for New York City that will result in naturally-occurring affordability while generating a high rent per square foot. The project will also include 9,500 square feet of ground floor community facility space.
The project will also be built to the standards of the Enterprise Green Communities program, which focuses on both environmentally sustainable building construction as well as tenant health and wellness. 266 West 96th Street has also been accepted into New York State’s Brownfield Cleanup Program, which will generate tax credits in exchange for on-site environmental remediation work to be completed by ownership.
Top 10 Global Investment Manager
Mixed-use residential building with 171 units, 9,500 sq. ft. of community facility space
2,900 sq. ft. health club
3,875 sq. ft. 2nd floor indoor amenity space
3,700 sq. ft. outdoor terrace