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This Week’s N.Y. Deal Sheet: Rybak Scores Construction Loan For UES Condo Building

Camber Property Group shelled out $72M for a newly built vacant multifamily building at 2886 Atlantic Ave., Commercial Observer reported. The Jay Group sold the 183-unit Cyprus Hills property, which was completed in 2023. The property will be an affordable housing site run in partnership with the New York City Department of Social Services and nonprofit the Institute for Community Living. Rosewood Realty Group’s Aaron Jungreis, Ben Khakshoor and Alex Fuchs repped both sides of the deal along with Latitude Property Group’s Scott Dweck.

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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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