Orbach sells another set of Upper West Side apartment buildings

Four Winds Real Estate is buying 4-6 and 8-10 West 108th Street for $22M

New York /
Dec.December 27, 2018 03:30 PM

Meyer Orbach and David Schneiderman with 4-6 and 8-10 West 108th Street (Credit: Google Maps)

Meyer Orbach isn’t finished selling on the Upper West Side yet.

Orbach’s latest deal in the neighborhood is for 4-6 and 8-10 West 108th Street, which he is selling to David Schneiderman’s Four Winds Real Estate for $22.1 million, according to sources familiar with the transaction.

The properties are contiguous six-story walkup apartment buildings located right by Central Park. They have a total of 48 units and span 41,940 square feet combined. Orbach purchased them in 2013 for $12.25 million.

The deal was brokered by Aaron Jungreis and Ben Khakshoor from Rosewood Realty, who declined to comment on the transaction, and by Hall Oster and Bob Knakal from JLL.

Jason Krane of Ackman-Ziff arranged financing for the acquisition.

Four Winds and Orbach did not respond to requests for comment.

Orbach has been on a selling spree on the Upper West Side throughout much of the year. His previous deals include selling a five-building portfolio on Manhattan Avenue and West 108th Street for $57 million to Quality Capital USA, selling 204 West 108th Street to Arkar Inc. for $32.5 million and selling four buildings on West 107th Street to Isaac Kassirer for $116 million.


Related Articles

arrow_forward_ios
A rendering of 85 Jay Street and RXR Realty CEO Scott Rechler (Winick, Getty)
RXR makes $220M apartment bet in Brooklyn
RXR makes $220M apartment bet in Brooklyn
Thor Equities Group Chairman Joseph J. Sitt. (Thor)
Thor facing foreclosure on Harlem rental building
Thor facing foreclosure on Harlem rental building
Photo illustration of Vornado CEO Steven Roth and Hotel Pennsylvania at 401 Seventh Avenue (Getty, iStock, Vornado)
“Inevitable”: Vornado will demolish Hotel Pennsylvania
“Inevitable”: Vornado will demolish Hotel Pennsylvania
The rate of loans sent to special servicers continued to fall in March. (Unsplash)
CMBS special servicing rate declines in March
CMBS special servicing rate declines in March
JLL CEO Christian Ulbrich. (Getty)
JLL explores sale of China property management wing
JLL explores sale of China property management wing
Dollar General CEO Todd Vasos (Retail Industry Leaders Association, iStock)
Dollar General thrives amid retail apocalypse
Dollar General thrives amid retail apocalypse
Bill Lee (Lee & Associates/YouTube)
Lee & Associates founder Bill Lee dies
Lee & Associates founder Bill Lee dies
The vacancy rate for regional and superregional malls is at an all-time high.  (Getty)
Mall vacancy rate hits all-time high
Mall vacancy rate hits all-time high
arrow_forward_ios

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

Loading...