REBusinessOnline

Clipper Realty Acquires 82-Unit Apartment Building in Manhattan for $79M

10-W-65th-St-NYC

The 82,230-square-foot multifamily building located at 10 W. 65th St. in Manhattan features 82 apartments.

NEW YORK CITY — Clipper Realty has purchased an apartment building located at 10 W. 65th St. on Manhattan’s Upper West Side. Touro sold the property for $79 million, or $585 per square foot. The 82,230-square-foot building features 82 apartments and 53,000 square feet of air rights. New York Community Bank provided Clipper Realty with a $34.5 million, 10-year loan for the acquisition of the property. Aaron Jungreis and Devin Cohen of Rosewood Realty Group represented the buyer and the seller in the transaction.

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