Treetop buys 17 Upper Manhattan properties

A Newark, N.J.-based development company has made another purchase in Manhattan, buying a portfolio of 17 Upper Manhattan buildings, Crain’s reported, following last week’s acquisition of a sizable Central Harlem portfolio, which The Real Deal first reported.

Treetop bought the 17-building package for about $53 million, sources told Crain’s. They are located between Columbus and Amsterdam avenues and 105th and 108th streets, with the exeption of one, located in nearby Morningside Heights.

The seller was a partnership between the Pinnacle Group and Praedium, and was represented by Massey Knakal Realty Services. [Crain’s]