William Pears Group Acquires Package Deal Of Harlem And Washington Heights Units For $54.5M

The William Pears Group's affiliate, Jober Upper Riverside LLC, has purchased a package deal consisting of 315 unsold condominium units in Harlem and Washington Heights, Manhattan. The properties, located at 660 Riverside Drive, 668 Riverside Drive, 680 Riverside Drive, 690 Riverside Drive, 700 Riverside Drive, 725 Riverside Drive, 750 Riverside Drive, 775 Riverside Drive, 156-08 Riverside Drive, 801 Riverside Drive, 807 Riverside Drive, 812 Riverside Drive, and 835 Riverside Drive, have a total of 287,737 square feet of built space. The sale was brokered by Mark Zborovsky LLC.

Summary of transaction details

• Property Type: Package Deal
• Transaction Amount: $54,500,000
• SF: 287,737
• PPSF: $189

William Pears Group, represented by Stuart Berg, acquired the properties from Pinnacle Group, represented by Joel Wiener. Mark Zborovsky acted as the broker in this transaction. The sale price for the package deal was $54,500,000, with each square foot priced at $189.

NOTE: The William Pears Group's affiliate, Jober Upper Riverside LLC, has purchased 315 unsold condominium units in Harlem and Washington Heights, Manhattan for $54.5 million from Pinnacle Group. The properties have a total of 287,737 square feet of built space and were brokered by Mark Zborovsky LLC.