RockFarmer Capital principals John Petras and George Michelis have listed five Washington Heights apartment buildings for $32 million.
The walk-up properties at 633 West 171st Street; 636, 642 and 643 West 172nd Street and 650 West 173rd Street contain mostly rent-stabilized units. There are 146 apartments total.
The buildings offer a combined 80,000 square feet in air rights alone. Robert Shapiro of Massey Knakal Realty Services is representing RockFarmer.
“This is the best market in upper Manhattan that I have seen in 13 years, even better than the boom in 2007,” Shapiro told Crain’s. “People are paying the highest prices ever here because they believe this area has a lot more upside.”
In February, RockFarmer, an affiliate of Douglas Realty Management, picked up a 100,000-square-foot co-op building in Elmhurst, Queens, as previously reported. [Crain’s] — Mark Maurer
