Whole Foods has a Whole Lot to do with Manhattan Rent Appreciation

The average monthly apartment rent in Manhattan is $3,840 per unit, or $5.07 per square foot, according to CoStar and Apartments.com records. But when you look at the 9,500 market-rate units that are located within one-tenth of a mile of a Whole Foods grocery store, the rate jumps to $4,580 per unit, or $6.03 per square foot.

Whole Foods carefully picks its store locations using demographics as one of many factors. But once the grocery store…

Starrett City Sale Closes for $870M

Rockpoint and Brooksville Company are the new owners of Silver Creek Towers (Starrett City), less than a year after entering into a contract to buy the 153-acre affordable housing complex in Brooklyn from Starrett City Associates.

According to public records, the going price tallied at $869.6 million. Wells Fargo Bank provided a $501 million mortgage in mid-May, carrying about 57-percent leverage.

Built in 1974, the community is situated along…