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Blackstone Pays $620M for Kips Bay Court High-Rise

Phipps Houses Grp Divests 894 Units in Manhattan
By Samantha Reeves
December 30, 2016 | 3:51 P.M.

The Blackstone Group LP acquired the Kips Bay Court apartments at 462 2nd Ave. in New York City from The Phipps Houses Group for $620 million, or about $694,000 per unit.

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