The Real Deal New York

Posts Tagged ‘rieder holdings’

  • From left: David Bistricer and

    From left: David Bistricer and 752 West End Avenue

    David Bistricer’s Clipper Equity and the family-owned Rieder Holdings are switching tactics at a nearly 200-unit Upper West Side rental building which they were in the midst of converting to condominiums. The partnership sold 752 West End Avenue for $120 million, according to records filed yesterday.

    The buyer appears to be the Miami-based developer Crescent Heights, according to property records. [more]

  • Family-owned Rieder Holdings has purchased a North Williamsburg residential development site for $12.3 million, Crain’s reported.

    The 17,500-square-foot plot at 248 North 8th Street between Havemeyer and Roebling streets can support a 120,000-square-foot development, meaning the family paid about $102 per square-foot. The seller, Van Benson Management, has owned the property since 1997, and took out a $31 million loan in 2008 to develop a residential structure at the site. But shows that in 2009, lender Banco Popular filed a $31 million lis pendens against Van Benson. … [more]