Published On:
Tue, Sep 29th, 2015
Galil Management sells 5 Hamilton Heights buildings for $31 Million
The buyer, Isaac Herskovitz, owns over two dazen multifamily and commercial buildings across the Bronx and North Brooklyn
Galil Management sold a package of five multifamily rental buildings in Hamilton Heights to Brooklyn-based landlord Isaac Herskovitz for $31 million.
The buildings, all five stories tall, are located at 609-619 West 135th Street. They contain a combined 105 units units, spanning a combined 71, 000 square feet.
Galil, formerly known as E&M Associates, more than doubled its money with the sale.
The firm paid $14.5 million for the package back in 2013. Earlier this month, the company sold a 21-building, 425, 000-square-foot portfolio to Hillcrest Acquisitions for $148.5 million.
Read the full story at The Real Deal, by Ariel Stulberg
Read more about: Adam Verner’s Springhouse Partners, Ariel Stulberg, Brooklyn, Business/Finance, E&M Associates, Galil, Galil Management, Geography of New York, Geography of the United States, Hamilton Heights, Harlem, IMI Galil, Isaac Herskovitz, new york, the Bronx, USD