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Lefrak Offloads Brooklyn Rent-Stabilized Assets to HF NYC for $38 million

Lefrak has sold four rent-stabilized multifamily properties in southern Brooklyn for $38 million, Commercial Observer has learned. The developer offloaded more than 300 units in what is known as its P

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Summary

Lefrak has sold four rent-stabilized multifamily properties in southern Brooklyn for $38 million, Commercial Observer has learned.

The developer offloaded more than 300 units in what is known as its Parkway Portfolio in Brooklyn’s Bensonhurst and Midwood neighborhoods to Avi Singer’s HF NYC, sources familiar with the deal told CO.

J.P. Morgan Chase provided a […]

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