Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW YORK CITY-Just two months after Harbor Group International acquired a multifamily property on the Upper East Side, it has picked up another one. Affiliates of the company have bought a 37-unit apartment building at 162-164 E. 82nd St., between Lexington and Third avenues, for $16.2 million. The seller was Silverstone Property Group.

Rosewood Realty‘s Aaron Jungreis, president and owner, as well as broker Jonathan Birnbaum brokered the deal on behalf of Silverstone. HGI handled the deal internally. The company plans to spend another $950,000 on the property for structural, mechanical and façade improvements, as well as upgrades to common areas and amenities. In addition, capital will be available to renovate rent-stabilized units as they become available, the company asserts.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.