Hikari Power Z Co., a Japanese corporation, acquired a 21-unit apartment building at 246 E. 53rd St. in Manhattan from a joint venture between Kriss Capital and Lockhill Properties for $15.2 million, or $723,810 per unit.
Japanese firm buys Manhattan Midtown East apartment building
Kriss Capital, Lockhill Properties joint venture sells newly renovated 21-unit walk-up
By Kayla Mutter with
May 18, 2026 | 4:08 P.M.
RELATED ARTICLES
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In
IN THIS ARTICLE
- Properties
- Companies
- Kriss Capital LLC
Finance and Insurance
- Lockhill Properties
Real Estate
- Contacts
- Michael Sherman
Founder and Principal, Baseline Real Estate Advisors