140 Crosby Street Acquired by Capstone Equities | Real Estate Services M&A Deal

Capstone Equities has completed the acquisition of 140 Crosby Street, a property management business in New York, for $51.4 million. Capstone Equities acquisitions focus on real estate services deals NY, and the 35,000-square-foot Soho office supports leasing and asset management tied to the building’s retail tenants. The property management acquisition at the corner of Broadway and Houston Street adds a distressed real estate services platform in Manhattan for Capstone Equities. The divestiture acquisition closed after Capstone Equities launched foreclosure proceedings, consolidating acquisition financing of $39.6 million and leaving a $5.5 million gap mortgage, with the buyer acting as a private equity acquisition sponsor.