Lakeview Apartments4 E 107th Street, New York, NY NYC Property Investment Group
Lakeview is a unique property, encompassing an entire city block fronting Central Park in New York City. There are four buildings containing 446 apartments, a parking garage, and retail space. It is across the street from another LPS Fund property, Villa Hermosa, and offers sweeping views of the park and midtown Manhattan.
Prior to the sale of Lakeview, the owning partnership’s success had been hindered by chronic legal and financial difficulties. Financially, the property was in a deficit position, and legally, the partners were embroiled in a series of resource-depleting lawsuits. LPS Fund provided the limited partners with significant cash proceeds at closing and relieved them of ongoing litigation.
4 E 107th Street, New York, NY
NYC Property Investment Group