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Kushner Buys 16-Bldg Portfolio

NEW YORK CITY—Containing multifamily and retail assets mainly in Manhattan—with some portions sitting in Brooklyn—the portfolio was sold for over $131 million.

By Rayna Katz | Updated on December 11, 2014

NEW YORK CITY—Kushner Cos. has acquired a 16-building portfolio for $131.5 million from Stone Street Properties and HIG Realty Partners, according to the New York Post. The portfolio includes 291 rental apartments and five retail properties. Fourteen of the buildings are in Manhattan while the two remaining properties are in Brooklyn.

Marcus & Millichap‘s Joseph Koicim and Peter Von Der Ahe brokered the deal, which is expected to close in 2015.

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