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Mann sells Gramercy Park rental for $39M

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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 94-unit building at 320 East 22nd Street for $582 per square foot, Benchmark said. The deal for the [more]

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