Northbrook Partners buys 9 buildings from family firm

Northbrook Partners, founded by a co-owner of the Apthorp, has paid more than $300 million for nine Upper West Side and West Village buildings. The buildings, which include at least two rentals, were sold by AVJ Realty. The firm is owned by the Racolin family, which bought and built several city buildings throughout the 1930s and 1940s. The buildings include the 130-unit 98 Riverside Drive; the 160-unit 48-60 Seventh Ave.; and shares of a recently converted condominium at 172 West 79th Street. Northbrook was founded by Maurice Mann, president of Mann Realty Associates.