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Kushner to pay $49M for Shaoul portfolio

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The Kushner Companies extended a Manhattan apartment acquisition binge last month by signing a contract to buy seven walk-up rental buildings in the East Village for $49 million from developer Ben Shaoul’s Magnum Real Estate and Meadow Partners, several sources said. The seven buildings have a total of 115 apartments and one store. Among the residential units, 28 are rent stabilized and the rest are free market, insiders said. Kushner, based in Midtown and headed [more]

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