NEW YORK CITY-A family investment firm based in New York has purchased two troubled apartment buildings on West 109th Street in Manhattan Valley. The rental apartment buildings were sold for a total amount of $7.8 million.
The five-story apartments contain 40 rent-regulated units. The properties were bought by West 109th Holdings LLC. Sales of the properties show the strength of the apartment market in Upper Manhattan. Eastern Consolidated handled the sale. For the full story, go to Wall Street Journal .
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