israeli-american real estate company alto makes a killing in nyc deal - solar street lights for sale

An American-
Israeli real estate companies with offices in New York and Tel Aviv recently sold their properties in the heart of Manhattan's financial district, winning a big victory.
The Alto real estate fund sold a stake in a retail apartment in the center of Fulton Street for $34.
5 million, the property was purchased with Klein group for $20 million in early 2012.
The property is a 21,000-square-foot retail apartment on the ground floor of an upscale apartment just a few hundred metres from the new World Trade Center and a block from the main public transport hub.
At the time of purchase, Fulton Street was nearing the end of a comprehensive infrastructure renovation as it was close to the site of the World Trade Center destroyed in 2001.
The area has been undergoing renovations since 2004 at a cost of $1.
5 billion to improve accessibility for 500,000 passengers traveling to the area every day.
This is Alto's sixth exit, with an average internal net return of 36%.
So far, Alto has invested in 14 commercial properties with a total size of 1.
8 million square feet worth $0. 285 billion.
Alto is raising funds for a second $100 million fund that will continue to focus on valuable investments
Ways to increase revenue
Produce commercial real estate in the United States.
Alto co-says said: "new investment funds serve private investors who want to invest like large institutions and incorporate real estate into their portfolio
Yaniv Melamud, founder and CEO.
"The long-term recession in the US economy has allowed us to continue to get good properties, mainly in the second place.
Prices in first-tier cities continue to remain attractive as they emerge from the long recession that remains prevalent in the United States.