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Mautner-Glick scoops up a four-building UES portfolio

Buildings stretching from 212 to 218 East 85th Street have a total of 75 units

212-218 East 85th Street (Credit: Google Maps)
212-218 East 85th Street (Credit: Google Maps)

Mautner-Glick Corporation has added to its portfolio with the purchase of four contiguous residential buildings on the Upper East Side.

The buildings stretch from 212-218 East 85th Street between Second and Third avenues and contain 71 residential units and four commercial units overall. Mautner-Glick bought them in four separate deals for a total of $30 million, according to property records.

The family-owned property manager paid $10.35 million each for 218 and 216 East 85th Street and $4.65 million each for 214 and 212 East 85th Street.

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Signature Bank helped finance Mautner-Glick‘s purchases with a $20 million loan. The buildings previously belonged to the Stribula family since the 1970s.

Mautner-Glick did not immediately respond to a request for comment.

A pair of nearby buildings on the Upper East Side at 409-413 East 84th Street sold for $21 million in October to Henley Investments, a private equity firm based in the United Kingdom, and former President Obama and First Lady Michelle Obama are reportedly considering moving into an apartment in the neighborhood at 10 Gracie Square.

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Commercial Real EstateSignature BankUpper East Side