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MGS Associates sells 14-building multi-family portfolio

Multi-family ortfolio contains 341 units

From left to right: 2595 and 2599 Briggs Avenue; 2749 Webster Avenue; 520 and 524 West 162nd Street (Credit: Apartments)

Eden Ashourzadeh, Alex Kahen, and Alex Hajibay have acquired a 14-building multi-family portfolio from MGS Associates for $60 million. The portfolio spans approximately 320,000 square feet, and contains 341 rent stabilized apartments.

Addresses in the portfolio: Properties in Manhattan: 520 and 524 West 162nd St, 505 West 164th St, 476 West 165th St, and 2153 Amsterdam Ave. Properties in the Bronx: 2595, 2599, 2603 and 2833 Briggs Ave, 2728 Marion Ave, 2749 Webster Ave, 2820 Decatur Ave, 382 East 197th St, and 340 East 198th St., according to TRD.

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