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Stone Street closes on $33.5M Nolita portfolio

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Hot on the heels of a recent $73 million acquisition, real estate investment firm Stone Street Properties has closed on another five-building portfolio for $33.5 million, the company’s founders Robert Morgenstern and Jeffrey Kaye told The Real Deal today. The portfolio of buildings is located at 260-268 Elizabeth Street; it is composed of 48 residential units as well as five ground-floor retail spaces. Tenants include Billy’s Bakery and Area ID, a design and interiors boutique. [more]



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