Developer snags 13 NYC buildings

The Orbach Group, a New Jersey-based owner, developer and manager of luxury rental units, has made the move into Manhattan with the purchase of 13 rental apartment buildings containing 254 units. The five-story walk-ups are located on the south side of West 49th Street between Eighth and Ninth avenues, directly across the street from World Wide Plaza.

An unidentified entity sold the Clinton neighborhood buildings for $70 million.

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