RCR Management is purchasing a pair of residential buildings in Washington Heights for about $47 million, according to sources familiar with the deal.
Both properties were previously part of a portfolio that Sentinel Real Estate sold to the group of investors in 2016 for $101.5 million. The properties also included 66-72 Fort Washington Avenue and 838 and 884 Riverside Drive.
The buildings are each six stories tall, and the one at 80 Fort Washington Avenue has 75 residential units, while the one at 86 Fort Washington Avenue has 65 residential units.
Edge Property Group recently bought a development site in the neighborhood on Edgecombe Avenue, West 166th Street and West 165th Street for $21 million from Sand Realty Group, and Olshan Properties and Millhouse Properties bought a pair of buildings last summer at 385 and 395 Fort Washington Avenue for $40.1 million.