Another sizeable New York City rent-stabilized apartment portfolio traded before the end of 2019. An entity tied to Yechiel Newhouse paid about $118 million for a 407-unit portfolio of 31 mostly rent-stabilized buildings in Harlem in a deal that closed on Dec. 20, according to public records. The portfolio also includes retail. The seller was Ben and Jon Soleimani’s ABJ Property, which assembled the Harlem buildings in pieces over the years, records show. The firm
source https://therealdeal.com/2020/01/03/rent-stabilized-portfolio-in-harlem-trades-for-118m/
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