A four-story townhouse at 60 East 86th Street and a neighboring six-story rental building were picked up by an LLC connected to developer Glenwood Management. Glenwood paid $31 million for the properties, which come with a combine 33,274-square-feet of air rights. No plans or permits have been filed, but Glenwood operates dozens of large rental buildings throughout the city, so you can guess what our prediction is. [The Real Deal; official]
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