Property Resources Corp. Acquires Multifamily Building In Upper West Side For $25.5M

An unnamed buyer represented by Property Resources Corp. has acquired two multifamily properties located at 992 and 998 Amsterdam Avenue in the Upper West Side. The properties were sold for a total price of $25,500,000. Spanning across a total area of 45,576 square feet, the average price per square foot for this transaction is $559.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $25,500,000
• Address: 992 and 998 Amsterdam Avenue
• Market: Upper West Side
• Square Footage: 45,576
• Price Per Square Foot: $559

The sellers in this transaction were the Adler family and Simcha Rosenblatt. The buyer, represented by Property Resources Corp., was Frank Linde. The deal was facilitated by brokers Aaron Jungreis and Jacob Setton from Rosewood Realty Group.