The Real Deal New York

Yechiel Weinberger, Bernard Miller sell $38M Clinton Hill portfolio

Weinberger has been named one of NYC’s worst landlords
By Tess Hofmann | May 01, 2015 01:15PM

Brooklyn landlords Yechiel Weinberger and Bernard Miller sold a four-building, 129-unit Clinton Hill residential portfolio for $38 million, according to property records filed with the city today. 

The buyer was an entity called Coastline Apartment Investors. The properties range from four to six stories and contain a total of 129 apartments spread over 123,000 square feet. The building at 29 Putnam Avenue sold for $6.5 million, while 90 Downing Street went for $11.5 million and 425 Grand Avenue and 435 Grand Avenue went for $10 million each.

Weinberger ranked number five on Public Advocate Letitia James’ list of New York City’s worst landlords last year, with 1,133 violations on his six buildings. He did not immediately respond to a request for comment, while Miller could not be reached.

Last year, the pair sold a 124-unit Crown Heights portfolio to Australian real estate investment trust Dixon Advisory for $25 million.