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Posted: August 24, 2015
Silvershore Properties sells 10-building portfolio to Related Companies for $39.4 million; Cohen of Rosewood reps Silvershore
Silvershore Properties sold a 10-building portfolio of walk-up residential buildings in Brooklyn and Queens to Related Companies for $39.4 million.
All 10 properties in the 66,500 s/f portfolio with 76-residential units and two stores, were acquired by Silvershore Properties over the last three years.
Rosewood Realty Group's Aaron Jungreis represented Related and Devin Cohen of Rosewood Realty represented Silvershore Properties.
The Brooklyn properties include seven Brooklyn buildings in Greenpoint, Clinton Hill, Carroll Gardens, Prospect Heights and three in Queens, in Long Island City and Astoria.
Silvershore Properties, a multifamily owner, founded in 2008 by Jason Silverstein and David Shorenstein, owns nearly 85 properties in New York City, most of them in Brooklyn, and has plans to acquire more this year.
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