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Four Clinton Hill Properties Bought for $38 Million

May 6, 2015
Underwood Park in Clinton Hill. Photo by:Gryffindor

Underwood Park in Clinton Hill. Photo by:Gryffindor

According to property records filed with New York City today, a group of four apartment buildings in Clinton Hill were purchased for $38 million. The buyer of the properties is called Coastline Apartment Investors. The sellers of the buildings are Yechiel Weinberger and Bernard Miller.

Together the portfolio has 129 units within more than 123,000 square feet and varies from 4 to 6 stories high. The properties are located at 29 Putnam Avenue, sold for $6.5 million; 90 Downing Street, went for $11.5 million; 425 and 435 Grand Avenue both gone for $10 million per building.

One year ago the partners sold a property in Crown Heights for $25 million to an Australian real estate investment trust, Dixon Advisory. That group of buildings had 124 units.

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