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NYC’s top deals: a LES penthouse trades for $16M

🏆Commercial: The top commercial deal recorded was for a mixed-use building in East New York. A company tied to Jacob Aini sold 2864 Atlantic Avenue for just over $69 million after acquiring the development site for $7.5 million from Speedway in 2022, then building a 10-story building there. The buyer was a company connected to Camber Property Group and the Institute for Community Living. UMB Bank provided a $94.3 million mortgage for the deal.

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About Institute for Community Living

It is Institute for Community Living’s (ICL) mission to help New Yorkers with behavioral health challenges live healthy and fulfilling lives by providing comprehensive housing, health care, and recovery services. We take a trauma-informed approach—meeting the people we serve wherever they are, working together to support them in achieving their goals.

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