Thursday, 25 October 2018

Three Manhattan apartment buildings sell for $60M in affordable preservation deal

Camber Property Group and Belveron Partners just picked up three northern Manhattan apartment buildings for $60 million. The companies purchased 287 Audubon Avenue in Washington Heights, 107 West 109th Street in Morningside Heights and 1871 Seventh Avenue in West Harlem, the companies announced on Thursday. As part of the deal, the landlords agreed to extend the affordability of the properties’ combined 143 units for 40 years through an agreement with the city’s Department of Housing […]



source https://therealdeal.com/2018/10/25/three-manhattan-apartment-buildings-sell-for-60m-in-affordable-preservation-deal/

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