Arker Companies has sold for $150M its Sea Park housing portfolio in Coney Island, including three multifamily buildings encompassing 961K SF and 816 units, to a partnership that is pledging to expand the number of affordable units in the portfolio.

Tredway, Gilbane Development and ELH Management purchased the Sea Park complex, with Berkadia and Deutsche Bank providing financing for the transaction. Ariel Property Advisors represented the seller.


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