DEVELOPER PAYS $17M FOR VACANT APARTMENT PROPERTIES IN NYC

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NEW YORK CITY — A partnership between Naftali Group and Praedium Group has acquired four contiguous apartment buildings at 176, 178,180 and 182 West 82nd St. in New York City for $17 million. The vacant buildings contain 24 apartments within a total of 34,000 square feet of space. The new owners plan to convert the buildings into luxury condominiums, with construction expected to begin early next year. Abraham Aderet, Iris Rossano and Amit Doshi of Besen & Associates represented both parties in the transaction.

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