East Group Capital Acquires UWS Portfolio For $8.05M With Brokers Josh Lipton & Andrew Levine

The package deal consisting of 638 West End Avenue, 268 West 91st Street, and 142 West 87th Street has been sold on the Upper West Side. The properties, located in the R10A zoning area, were acquired by East Group Capital, LLC for a sale price of $8,050,000. This deal marks a significant milestone for East Group Capital, as they continue to seek prime properties with potential for growth and development.

Summary of transaction details

• Property Type: Package Deal
• Transaction Amount: $8,050,000
• Address: 638 West End Avenue, 268 West 91st Street, 142 West 87th Street
• Market: UWS
• Zoning: R10A

Represented by their broker, Josh Lipton and Andrew Levine of Invictus Property Advisors, East Group Capital swiftly closed the deal on these properties. The portfolio, which comprises 32 units, had been under the ownership of the same family for 40 years. With their expertise in creative planning and quick decision-making, East Group Capital was able to secure this package deal and add it to their portfolio. Max Ralby and Dean Katz of HKS Real Estate Advisors LLC facilitated the mortgage for the transaction.

East Group Capital expressed their excitement about this acquisition, emphasizing their focus on identifying lucrative investment opportunities and acting swiftly to close deals. This purchase represents a significant accomplishment for the company, marking a successful end to 2021.