NEW YORK, NY – New York-based private investor, Oak B. Management has acquired a two-building, mixed-use portfolio in Manhattan's Midtown East neighborhood from nonprofit organization JT Tai & Company Foundation for $41.5 million.
The 105-unit portfolio consists of 959-961 Second Ave. and 246 East 46th St. Oak B. Management plans to renovate and reposition the existing buildings with a focus on retail lease-up.
Situated on the corner of Second Ave. and E. 51st St., the four-story property at 959-961 Second Ave. offers 10 apartment units and two commercial units.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
