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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.

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