Brookhill Properties acquires $97 million, 16-building multifamily portfolio

Manhattan, NY Brookhill Properties, founded and owned by Raphael Toledano, acquired a 16-building, multifamily portfolio in the East Village. The walk-up properties, purchased from the Tabak/Garfinkel family for $97 million, include 301 residential units and 15 retail tenants. “These properties are ideally situated to capitalize on the explosive growth of the East Village. The buildings are in a neighborhood that is highly-sought after by tenants who want to be in the heart of the action – and we are thrilled to reinforce our position as a leading landlord here,” said Toledano, president of Brookhill Properties. The full list of buildings acquired is: 27 St. Marks Place – 20 residential units, 2 commercial units; 66 East 7th St. – 22 residential units, 2 commercial units; 95 East 7th St. – 20 residential units; 223 East 5th St. – 18 residential units; 228 East 6th St.– 20 residential units, 2 commercial units; 229 East 5th St. – 10 residential units; 231 East 5th St. – 8 residential units, 2 commercial units; 233 East 5th St. – 10 residential units; 235 East 5th St. – 10 residential units; 253 East 10th St. – 20 residential units, 1 commercial unit; 323-325 East 12th St. – 37 residential units; 327 East 12th St. – 22 residential units, 2 commercial units; 329 East 12th St. – 24 residential units; 334 East 9th St. – 20 residential units, 2 commercial units; 510 East 12th St. – 20 residential units, 2 commercial units and 514 East 12th St. – 20 residential units. “We are committed to being a force for good in the neighborhood and providing our tenants with high-quality apartments,” said Toledano. “Our company is not just a property owner, we are members of this East Village community and look forward to partnering with local groups to show our dedication.”