JV Acquires Student Housing Property from Yeshiva University in New York City for $58 Million

The 98-unit student housing property is located one block away from Yeshiva University’s Benjamin Cardozo School of Law in New York City. The 98-unit student housing property is located one block away from Yeshiva University’s Benjamin Cardozo School of Law in New York City.

New York City — A joint venture between Pebb Capital subsidiary Collegium Capital, Rockwood Capital and TriArch Real Estate Group has acquired a student housing property located at 13-19 E. 11th St. in New York City from Yeshiva University for $58 million.

The 98-unit building — known as The Alabama — is located one block away from Yeshiva’s Benjamin Cardozo School of Law, and has primarily housed Cardozo students since 1997. The joint venture plans to substantially renovate the units and common areas of the building, and add amenities including a fitness center, study lounge, coffee bar, conference rooms and green space. 

More News