{"id":1004053191,"date":"2012-01-06T08:48:58","date_gmt":"2012-01-06T16:48:58","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=30369"},"modified":"2022-12-09T01:47:44","modified_gmt":"2022-12-09T09:47:44","slug":"175-kent-ave-sells-for-76m-laguardia-could-get-new-terminal-building","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/175-kent-ave-sells-for-76m-laguardia-could-get-new-terminal-building\/","title":{"rendered":"175 Kent Ave. Sells for $76M; LaGuardia Could Get New Terminal Building"},"content":{"rendered":"<p style=\"text-align: justify\">By Veronica Grecu, Associate Editor<\/p>\n<p style=\"text-align: justify\">A high-end rental property located at 175 Kent Avenue in Williamsburg, Brooklyn, was sold to Chicago-based Equity Residential for $76 million, reports <em>Crain\u2019s New York Business<\/em>. The building was completed in 2011 by the Chetrit Group and includes 113 luxury condo units that were marketed as rentals by Aptsandlofts.com.<\/p>\n<p style=\"text-align: justify\">With rents ranging from $2,343 for a studio and $3,413 for a two-bedroom unit, the building rented out quickly. Consequently, the Chetrit Group\u2019s decision to sell came as a surprise, given the high level of occupancy. According to <em>Crain\u2019s<\/em>, one of the reasons could be the fact that, for a developer, renting units is less profitable than selling them.<\/p>\n<p style=\"text-align: justify\">In further real estate news, the outdated Central Terminal Building at LaGuardia Airport<a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/01\/LaGuardiaairport.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-30370\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/01\/LaGuardiaairport.jpg\" alt=\"\" width=\"300\" height=\"234\" \/><\/a> could be replaced by a new facility. According to <em>The Wall Street Journal<\/em>, the Port Authority of New York hasn\u2019t revealed any official plans yet, but it is seeking proposals from financiers, consultants and developers who could start the construction as early as 2014. Estimated to cost around $3.6 billion, the work would take place in three phases, as the terminal would have to operate during construction. It could be completed by the end of 2021.<\/p>\n<p style=\"text-align: justify\"><em>Photo credits: Wikipedia<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Veronica Grecu, Associate Editor<br \/>\nA high-end rental property located at 175 Kent Avenue in Williamsburg, Brooklyn, was sold to Chicago-based Equity Residential for $76 million, reports Crain\u2019s New York Business. The building was completed in 2011 by the Chetrit Group [&#8230;]<\/p>\n","protected":false},"author":258,"featured_media":1004505466,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1600,21742],"tags":[],"class_list":["post-1004053191","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-new-york","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>175 Kent Ave. Sells for $76M; LaGuardia Could Get New Terminal Building - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/175-kent-ave-sells-for-76m-laguardia-could-get-new-terminal-building\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"175 Kent Ave. Sells for $76M; LaGuardia Could Get New Terminal Building\" \/>\n<meta property=\"og:description\" content=\"By Veronica Grecu, Associate Editor A high-end rental property located at 175 Kent Avenue in Williamsburg, Brooklyn, was sold to Chicago-based Equity Residential for $76 million, reports Crain\u2019s New York Business. 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