Silverstone Property Group acquires 150 West 84th
February 12, 2013 - Front Section
Silverstone has been active in this segment of the real estate market with more than 20 similar acquisitions over the past few years. "Based on our success at other similar properties, such as 157 Suffolk St. and 450-452 Amsterdam Ave., we are excited about the strong value that we perceive in this building through a complete renovation and reposition," said Steven Figari of Silverstone.
Over the past two years, Silverstone has acquired over $300 million real estate and expects to continue that buying this year. "We are actively seeking new opportunities throughout both Manhattan and Brooklyn that offer the chance to renovate or build residential and mixed use properties. I expect us to continue what we did last year in terms of acquisitions and hope to double the size of portfolio over the next twelve months. We are excited about 2013," commented Martin Nussbaum of Silverstone.