The Real Deal New York

Galil Management sells 5 Hamilton Heights buildings for $31M

The buyer, Isaac Herskovitz, owns buildings across the Bronx and North Brooklyn

September 29, 2015 02:05PM
By Ariel Stulberg

615 West 135th Street

From left: 613, 615 and 617 West 135th Street

Galil Management sold a package of five multifamily rental buildings in Hamilton Heights to Brooklyn-based landlord Isaac Herskovitz for $31 million.

The buildings, all five stories tall, are located at 609-619 West 135th Street. They contain a combined 105 units units, spanning a combined 71,000 square feet.

Galil, formerly known as E&M Associates, more than doubled its money with the sale.

The firm paid $14.5 million for the package back in 2013. Earlier this month, the company sold a 21-building, 425,000-square-foot portfolio to Hillcrest Acquisitions for $148.5 million.

Galil bought a different five-building set in Harlem back in July from Adam Verner’s Springhouse Partners, paying $25.8 million. It also bought another Hamilton Heights building back in April, at 3621 Broadway, paying $25.5 million Sugar Hill Capital Partners.

Isaac Herskovitz owns over two dozen multifamily and commercial buildings throughout the Bronx and North Brooklyn, according to public records.

Herskovitz could not be immediately reached for comment.