TF Cornerstone pays $140M for Williamsburg multifamily building

TF Cornerstone has purchased a Brooklyn apartment building for $137.75 million — more than $30 million less than the seller paid a few years ago. The developer bought the 234-unit property at 250 North 10th Street in Williamsburg, and secured an $82.75 million mortgage from M&T Realty Capital, according to property records. The seller was Nuveen, which paid $169 million for the property in 2015. TF Cornerstone partnered on the purchase of the 150,000-square-foot building

source https://therealdeal.com/2020/01/21/tf-cornerstone-pays-140m-for-williamsburg-multifamily-building/