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
Upcoming issue: Surreal estate
Upcoming issue: Surreal estate
Upcoming issue: Surreal estate
Clockwise from top left: Charles Cohen, Douglas Durst and 657 West 57th Street Avenue (Getty, Google Maps)
Durst sues Landmark Theatres for $49M in damages, unpaid rent at UWS cinema
Durst sues Landmark Theatres for $49M in damages, unpaid rent at UWS cinema
MGM Growth Properties CEO James Stewart and Vici CEO Edward Pitoniak (MGM, Vici)
Casino REIT Vici Properties acquires MGM Growth Properties in $17B deal
Casino REIT Vici Properties acquires MGM Growth Properties in $17B deal
Residence Inn Austin Northwest, TownePlace Suites Austin Northwest and Chatham Lodging Trust CEO Jeffrey Fisher (Marriott, Chatham Lodging Trust)
Chatham Lodging Trust buys two Marriott-branded hotels in Austin for $71M
Chatham Lodging Trust buys two Marriott-branded hotels in Austin for $71M
essensys CEO Jeremy Bernard (iStock)
Flex workspace tech firm essensys eyes US, APAC expansion
Flex workspace tech firm essensys eyes US, APAC expansion
27 Whitehall Street (Google Maps, iStock)
Fidi landlord accused of permitting massage parlor prostitution
Fidi landlord accused of permitting massage parlor prostitution
Isaac Kassirer and his properties at 1187-97 Anderson Ave., 1220 Shakespeare Ave., and 1210 and 1230 Woodycrest Ave. (Google Maps)
His portfolio decimated, Isaac Kassirer gets creative with rents
His portfolio decimated, Isaac Kassirer gets creative with rents
Mayor Bill de Blasio (Getty, iStock)
NYC to require vaccines for indoor dining, gyms and performance venues
NYC to require vaccines for indoor dining, gyms and performance venues
arrow_forward_ios

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

Loading...