21-BUILDING APARTMENT PORTFOLIO SOLD FOR $54 MILLION

NEW YORK CITY — The New 118th Upper Manhattan Portfolio, a collection of 21 walk-up apartment buildings located in the Washington Heights and Central Harlem neighborhoods of New York City, has been sold in a $54 million transaction. Comprising 418,230 rentable square feet, the portfolio contains 500 residential units, five super units and 12 commercial units. The buildings in the portfolio consist of 20 five-story buildings and one six-story building; a majority of the units are presently subject to rent regulation. The buildings include: 234-236 E. 118th St.; 463-467 W. 159th St.; 503-507 W. 176th St.; 531 W. 179th St.; 704 W. 180th St.; 559-561 W. 183rd St.; 507 W. 184th St.; 510-524 W. 184th St.; 515 W. 184th St.; 516-520 W.188th St.; 500 W. 190th St.; 2180-2182 Amsterdam; 283-285 Audubon Ave.; and 70-72 Pinehurst. Robert Knakal, Rob Shapiro and Shimon Shkury of Massey Knakal Realty Services represented both parties in the transaction. The seller was Richard Wasserman, Esq., acting as trustee for the U.S. Bankruptcy Court; the buyer was undisclosed.