A partnership between the Moinian Group and Bushburg Properties has sold a 467-unit apartment complex at 123 Linden Street for $330M, PincusCo reported, based on a filing by Moinian on the Tel Aviv Stock Exchange.
The deal translates to $700Kper unit. A market-rate studio in the building list for $2,750 per month, while a three-bedroom unit is fetching monthly rents of more than $5,400. Amenities in the complex include a fitness center, a spa and a rooftop pool.
The buyer was not disclosed.
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