Black Spruce Management has sold a multifamily building it acquired recently to Benzion Kohn for $34.7 million. The rent controlled building, located in the Claremont neighborhood on Sheridan Avenue, has 222 units and spans 202,418 square feet between East 172nd Street and the Mt. Eden Parkway. The asset traded for just over $156,306 per unit. Black Spruce purchased the rental building from Normandy Real Estate in April of 2014 for $24 million.
