Clipper Realty has closed on the purchase to buy an Upper West Side rental building for $79 million. The 82 unit building at 10 West 65th Street, traded for just under $963,415 per unit. The company secured the deal with a $34.5 million, 10-year 3.3 percent mortgage provided by New York Community Bank. Meridian Capital’s Ralph Herzka arranged the financing after the real estate investment trust went into contract on the property in May. The seller, Touro, bought the building for $44 million in 2008 from Extell Development. As part of the deal for the 82,230 square foot building, Clipper Realty also secured an additional 53,000 square feet of air rights.
