Commercial Observer
Written by: Liam La Guerre
Hubb NYC Properties, a Midtown-based real estate investment firm, has purchased a 16-unit rental apartment building at 714 Ninth Avenue for $12.1 million from Waltjoyvan LLC, which has owned it since Gerald Ford was president, Commercial Observer has learned.
Waltjoyvan LLC is company owned by private investors Walter and Joyce Steckman, to CoStar Group. Waltjoyvan has owned the property since the late 1970s, according to David Chera of Kassin Sabbagh Realty, who handled the deal for both sides of the transaction.