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Real Estate

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

615-West-135th-Street1

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

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