Real estate investment firm Brookhill Properties has bought five Manhattan buildings in Kips Bay and the East Village.
The portfolio, which amounts to 93 residential units and 4 retail spaces, was acquired from the Tabak family. The buildings in the transaction include 251 East 10th Street, 221 East 10th Street, 58 St. Marks Place, 218 East 27th Street and 220 East 27th Street.
“I am pleased to expand our growing New York City Real Estate portfolio,” said Raphael Toledano, president of Brookhill Properties. “These buildings are prime acquisitions in highly desirable residential neighborhoods of Manhattan and I am thrilled that Brookhill Properties will continue to provide sound, multi-family housing for many New York City residents.”
Brookhill primarily owns and operates multifamily buildings in Chelsea and the East Village. This is not the first time that the company has acquired assets from the Tabak family portfolio. Since last year, Brookhill has acquired 28 buildings from the family for $140 million. In an interview with the Real Deal, Toledano estimated his entire portfolio at over 400 units and around $500 million.