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Haruvi family sells off half its NYC rental empire for $139M – Robert Khodadadian

After years of acrimony and legal wrangling, the Haruvi family has sold off a major piece of its Manhattan apartment empire. Landlord Peter Hungerford’s PH Realty Capital paid $139 million in May for about half of the family’s portfolio, records show. The dozen properties, which combine for more than 200 units, are concentrated mostly on the Upper West Side, plus two buildings on First Avenue in Midtown East. PH Capital secured a $160 million loan

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Home Page, Residential Real Estate, divorce, Housing Market, Multifamily Market, Real Estate Lawsuits, Rental Market, upper west side The Real Deal New York Read More

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