American Building Management Acquires 2 Walk-up Apartment Buildings In Manhattan For $17.9M

Two walk-up apartment buildings located at 291 and 292 Lincoln Place in New York City were sold in a transaction that closed on December 10, 2017. The properties, totaling 41,000 square feet, are situated in the Manhattan market. The sale included a total of 49 residential units within the buildings.

Summary of transaction details:

• Property Type: 2 Walk-up Apartment Buildings
• Transaction Amount: $17,900,000
• Seller: Rockaway Capital Partners
• Buyer: American Building Management
• Broker: Shimon Shkury of Ariel Property Advisor’s

The transaction was facilitated by Shimon Shkury from Ariel Property Advisor’s, who represented the buyer, American Building Management. Rockaway Capital Partners served as the seller in the deal. This significant transaction highlights the investment activity in the Manhattan market, as two walk-up apartment buildings changed hands for a total amount of $17,900,000.