NEW YORK—The Orbach Group has acquired a three-building New York City apartment portfolio from Dermot Co. for $70 million. The three Upper West Side apartment buildings are located at 210, 220, and 230 West 107th Street between Amsterdam Avenue and Broadway.
The three-building New York City apartment portfolio contains 178 rental units, comprised of a mix of one-, two- and three-bedroom options.
Orbach is planning a capital improvement program for the properties.
With these acquisitions, The Orbach Group now owns and manages approximately 700 units on Manhattan’s Upper West Side.