The properties are comprised of 165 residential apartments and six commercial spaces across 97,872-sf

New York, NY – Avison Young has arranged the sale of four buildings in Manhattan on behalf of Page Management. The properties consist of 236 West 15^th Street, 253-255 West 11th Street, 82 Washington Place, and 188-192 6^th Avenue in the West Village, Chelsea, and Soho, respectively. The buyer was Derby Copeland Capital.

The details of each property are as follows: 82 Washington Place, $15 million, 27,108-sf, 36 units; 188-192 Avenue of the Americas, $24.1 million, 33,930-sf, 59 units; 236 West 15^th Street, $10.5 million, 17,154-sf, 37 units; and 253-255 West 15^th Street, $10.65 million, 19,680-sf, 40 units.

Both buyer and seller were represented by James Nelson, David Shalom, Brandon Polakoff, Ryan McGuirl, and Alexandra Marolda, all based in Avison Young’s Manhattan office. The assets were owned by the same family for over 60 years.

“This was the first sale in more than 60 years for these buildings and we’re happy to get this across the finish line for our clients,” said Shalom.

The sale represents the ongoing trend of long-term owners of multifamily properties selling off their portfolios and the continued interest in flight to quality properties.