Long Island-based developer Engel Burman Group bought an Upper East Side apartment portfolio at 1622-1632 York Avenue for $46.5 million, property records show. Engel Burman also landed a $76.4 million construction loan from Wells Fargo to pay for unspecified “improvements.” It wasn’t immediately clear what kind of work the developer plans to do. Engel Burman did not immediately respond to a request for comment. The estate of Jacques Chretien, which first put the properties on […]
source https://therealdeal.com/2018/07/25/engel-burman-pays-46m-for-ues-portfolio/
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