Connect with us

Hi, what are you looking for?

Jewish Business News

Real Estate

Related makes biggest Bronx portfolio deal of the year

Firm acquires 737-unit package in partnership with NYC pension funds for $113 million



Related Companies, in partnership with New York City pension funds, is ramping up its multifamily moves, with the $112.5 million purchase of a 20-building Bronx portfolio – the largest package to change hands in the borough this year, sources told The Real Deal.

The portfolio contains 737 apartments spread throughout the North, West and South Bronx. In a statement, a spokesperson for Related confirmed the portfolio buy and said the firm’s Related Fund Management arm and the pension funds plan to preserve the units in a long-term hold as workforce housing.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.

The buildings are largely low-rise walkups with rent-stabilized units. They are in a mix of working-class and middle-class neighborhoods such as Soundview, Wakefield, High Bridge and Fordham. A group of private Brooklyn Heights-based investors known as Eastern Capital Partners acquired the properties in several transactions over the past five years, records show.

Read the full story at The Real Deal, by Mark Maurer


READ MORE: Related Companies

200-east-94th-street Related Companies

By News Brief On Saturday, November 7th, 2015

Related Companies’ Carnegie Park Continues Its Selling Streak

New York—In less than 10 months, global real estate developer Related Companies‘ Carnegie Park is 75 percent sold. The luxury condominium tower reached its 200th sale last month, confirming More…


By News On Tuesday, October 6th, 2015

Related to Complete Property Assemblage at 50 Hudson Yards Site, Midtown West

Since December 2013, YIMBY has revealed three different conceptual renderings of 50 Hudson Yards, Related Companies’ planned commercial (and residential?) development project between 10th Avenue and Hudson More…



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.