The Real Deal New York

Alexico buys half of Brack’s UWS conversion for $41M

July 17, 2008 03:12PM
By James Kelly

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Alexico Group, developer of the Laurel on the East Side, has purchased about half of a condo conversion at 230 Riverside Drive on the Upper West Side. Alexico bought about 123 apartments in the 261-unit building, paying prices ranging from $137,000 to $555,000 for each home, according to city property records. Neither Alexico nor the project’s developer and seller of the units, Brack Capital Real Estate, could be reached for comment.The deal, worth a total of $41.14 million, was brokered by Massey Knakal.

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