104 buildings sold in one of year’s biggest deals

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A joint venture between the Pinnacle Group and the Praedium Fund has bought for $500 million 104 apartment buildings with nearly 3,000 units. The buildings, sold by Baruch Singer, were on the Upper West Side, in Morningside Heights and in Harlem. One of the largest residential deals of the year, the units reportedly went for more than $166,000 each. more [Post]