The Real Deal New York

Property Resources-linked entity buying pair of Upper West Side buildings for $26M

Company has purchased 992 and 998 Amsterdam Avenue
By Eddie Small | November 30, 2018 11:15AM

992 and 998 Amsterdam Avenue (Credit: Apartments)

Property Resources Corp. is adding two buildings to its Manhattan portfolio.

An LLC linked to the company has purchased two Upper West Side buildings at 992 and 998 Amsterdam Avenue for $25.5 million, according to sources familiar with the deal. The properties were sold by a partnership between the Adler family and Simcha Rosenblatt.

Aaron Jungreis of Rosewood Realty represented the buyer in the deal, and Jacob Setton of Rosewood represented the seller.

The multifamily properties are located between West 109th and West 110th streets. The building at 992 Amsterdam stands six stories tall with 29 units, while the building at 998 Amsterdam stands six stories tall with 17 units.

PRC did not respond to a request for comment.

Other recent deals in the neighborhood include Isaac Kassirer’s $116 million purchase of 203, 210, 220 and 230 West 107th Street from the Orbach Group and Akelius Real Estate Management’s $30 million purchase of 336 West 95th Street from the Greenspan family.