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

Company has purchased 992 and 998 Amsterdam Avenue

TRD New York /
Nov.November 30, 2018 11:15 AM

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.


Related Articles

arrow_forward_ios

“I can talk about erections all day”: NAR tech consultant’s bizarre fireside chat

Council member Vanessa Gibson (Credit: New York City Council)

Commercial landlords face new fines as City Council passes anti-harassment bill

As House begins impeachment inquiry, here’s what we know about Trump’s Ukraine-real estate ties

Clockwise from left: 91 Leonard Street, 141 West 11th Street, 520 Park Avenue and 115 Central Park West (Credit: StreetEasy, Google Maps)

These are the latest, greatest residential sales in NYC

Embattled Prodigy Network CEO Rodrigo Niño to step down

The Watchtower building at 25 Columbia Heights, CIM Group’s Shaul Kuba (right) and LIVWRK’s Asher Abehsera (Credit: Wikipedia, CIM Group, and LinkedIn)

JPMorgan leads $335M refi for CIM and LIVWRK’s Watchtower renovation

Multifamily market still reigns in Queens, Blackstone balks after rent reforms and more of the biggest CRE trends right now

Sam Chang and 40 West 45th Street (Credit: Google Maps and iStock)

Sam Chang can now purchase 160 elite racing pigeons

arrow_forward_ios