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


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.

Get more news delivered to your inbox. Subscribe to France Media's twice-weekly regional e-newsletters. Click here.

Related News

Content Partners