RFR buys UES rental building for $29M

Property at 9 East 75th Street has 18 apartments

TRD New York /
Jun.June 24, 2016 01:22 PM

RFR Holding has shelled out $28.7 million for an apartment building on the Upper East Side.

The firm, led by Aby Rosen and Michael Fuchs, purchased 9 East 75th Street, according to records filed with the city’s department of finance on Friday. The four-story building has 18 residential units — four of which are rent-stabilized — and one commercial unit.

The previous owner, Irvine Realty Group, purchased the building  in January 2015 for $17.9 million. The rental building is next to three homes that Russian billionaire Roman Abramovich plans to covert into a single mega mansion

A representative for RFR couldn’t immediately detail what the company’s plans are for the property.

In recent months, RFR has kept busy both acquiring and shedding commercial properties. In April, an investment group led by Rosen and Jared Kushner agreed to buy two Jehovah’s Witnesses’ buildings in Downtown Brooklyn for $700 million. Earlier this month, RFR entered a contract to sell its its office tower at 275 Madison Avenue to the RPW Group for $270 million.

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