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

Company has purchased 992 and 998 Amsterdam Avenue

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
Hoboken City Council's Michael Russo with 308 Willow Avenue (Google Maps, Hoboken, Getty)
Hoboken hospital eyed for eminent domain
Hoboken hospital eyed for eminent domain
From left: Jean-Georges Vongerichten and L&L Holding Company chairman David Levinson in 425 Park Avenue (Getty Images, L&L Holding Company, 425ParkAve.com)
L&L’s 425 Park Ave cooking up Jean-Georges restaurant
L&L’s 425 Park Ave cooking up Jean-Georges restaurant
Arlington Village at 3100-3124 Atlantic Avenue in East New York, Brooklyn (Google Maps, Getty)
Developing in downtrodden areas gets dicey
Developing in downtrodden areas gets dicey
Larry Silverstein with 120 Broadway
Housing agency nabs two floors at Silverstein’s 120 Broadway
Housing agency nabs two floors at Silverstein’s 120 Broadway
From left: Adam Neumann and Marc Andreessen (Getty Images)
Adam Neumann raises $350M from a16Z for multifamily venture
Adam Neumann raises $350M from a16Z for multifamily venture
427 Broadway and Robert Frey (HGetty, THCNYC)
Former Vegas club owner bringing cannabis museum to SoHo
Former Vegas club owner bringing cannabis museum to SoHo
Mayor of New York City Eric Adams (Photo Illustration by The Real Deal with Getty Images)
NYC turns back to hotels to grow homeless shelters
NYC turns back to hotels to grow homeless shelters
Leonard Stern with Wyndham Garden Hotel Newark Airport (Getty, Hotels Combined)
Hartz buys Newark Airport hotel for $34M, plans demolition
Hartz buys Newark Airport hotel for $34M, plans demolition
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...