August 21, 2012
Developer Purchases 4 Apartment Buildings
The Naftali Group and Praedium Group purchased four contiguous apartments buildings located at 176, 178, 180, and 182 W 82nd St in New York, NY for $17.05 million or $852,500 per unit with plans to rehab and convert the buildings into residential condo units.
The four 5-story buildings were built in 1900 and contain a total of 20 units. The buildings are located on the Upper West Side Submarket of Manhattan.
Abraham Aderet, Iris Rossano, and Amit Doshi of Besen & Associates represented the seller in this transaction.
Please see CoStar COMPS # 2508708 for more information on this transaction.