Deal sheet    Single Deal
East Harlem portfolio|Sales|03/22/2009
  • Event Sales
  • Address East Harlem portfolio
  • Price $ 12,500,000
  • Price per foot $ 100,000.00
  • Borough Manhattan
  • Publication Date 05/01/2009
The package of rent-stabilized apartment buildings at 169-175 East 101st Street sold for $12.5 million, or around $100,000 per unit. The buyer reportedly purchased the buildings as an investment, and does not plan to move tenants out to increase rents. One of the sellers, Praedium Group, gave a $2 million mortgage to the buyer.