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January 31, 2018  

Rentals Offered on NY's West Side

AEW Capital is offering an apartment building on Manhattan’s West Side that could draw bids of up to $200 million.The 375-unit Helux, at 520 West 43rd Street, is 95% occupied, with 20% of the units set aside as affordable housing. Rents on the market-rate apartments lag behind newer properties in the burgeoning Midtown West submarket, providing opportunity to boost rents via renovations.At the estimated value of up to $533,000/unit, a...

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