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Orbach Invests $70M in NY, PA Multifamily

NEW YORK CITY-And there’s more to come, according to president Meyer Orbach. The company now owns and manages about 5,000 units in New York, New Jersey and Pennsylvania.

By John W. McCurry | Updated on November 13, 2012

NEW YORK CITY-The Orbach Group plans to continue its apartment buying spree in New York City and Pennsylvania. The Englewood Cliffs, NJ-based property ownrship and management firm has invested some $70 million for 635 units in both states.

On the Manhattan side of the equation, Orbach made a $30-million purchase of a six-building, 105-unit Manhattan portfolio with five buildings on Amsterdam Avenue on the West Side, between 105th and 108th Avenues. The other building is on Cathedral Parkway off Columbus Avenue. Also included in the deal are six retail stores, including Dunkin Donuts, Dominos Pizza and Subway.

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