Port Washington-based BEB Capital has purchased a mixed-use building in Manhattan for $55 million. 

The real estate investment firm bought the 56,750-square-foot building at 312-316 30th St. known as Ivy 30. 

Built in 1986, the building has 66 apartments and some office space. 

“We have and will continue to be big believers in New York City, and we’re excited at the opportunity to grow our multifamily portfolio with the acquisitions of Ivy 30,” Lee Brodsky, CEO of BEB Capital, said in a company statement. “We’ve seen an evolution take place in the multifamily sector in Manhattan, providing an engine for growth in the industry last year, and we expect this robust growth to continue. From our perspective, we look for value-add opportunities where we can leverage our institutional expertise and experience to provide long-term value, and we’re looking forward to doing that with the acquisition of this property.” 

Brodsky, Keyvan Ghaytanchi and Ben Fischer served as in-house representatives for BEB, while seller A.D. Real Estate Investors was represented by brokers Andrew Natter and Harold Fuchs in the sales transaction. 





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