A quiet Upper East Side block just got a $23 million shakeup, as a row of five walk-up apartment buildings on East 90th Street in Carnegie Hill changed hands and a long-time national landlord bowed out of the neighborhood.
The group, a contiguous run at 165-173 East 90th Street between Lexington and Third avenues, holds about 72 apartments and roughly 41,000 square feet. The buyer is tied to ABJ Properties, a family-run investor group that acquired the buildings through a holding company, according to city records.
As reported by Crain's New York Business, the buyer is Ben and Joseph Soleimani's ABJ Properties and the sale was listed at about $23 million. The deal closed this week after being marketed as a contiguous portfolio of low-rise rental buildings in the Carnegie Hill historic area.
Transaction Details And Numbers
Commercial Observer reported that city records list the recorded transfer at $22.85 million and show the purchase was executed through Solkam 90 Holdings. The five four- and five-story buildings total roughly 40,927 square feet and were represented on the seller side by brokers from Newmark, according to that reporting.
Aimco's Wind-Down
Aimco's sale is part of a company-wide liquidation approved by its stockholders earlier this year. In an SEC filing, the REIT disclosed that shareholders adopted a Plan of Sale and Liquidation on Feb. 6, 2026, and the company has been disposing of remaining assets as it winds down operations and returns proceeds to investors. The East 90th Street row is among the last of Aimco’s New York holdings to move off the books.
About The Buyer
ABJ Properties, led by brothers Ben and Joseph Soleimani, has been an active buyer of small multifamily buildings across the city. Industry data compiled by PincusCo shows ABJ has closed multiple walkup purchases and often uses local LLCs to take title for clustered acquisitions.
What It Means For Carnegie Hill
Long-time residents and tenants should expect no immediate upheaval, but ownership changes sometimes precede management shifts or renovations that ripple through nearby rents and services. Public property records for 165 East 90th Street show that building was constructed in 1910 and last changed hands in 2004, which suggests updates could be on the horizon under new ownership, according to PropertyShark.
Representatives for Aimco and ABJ did not immediately respond to requests for comment, according to Commercial Observer. Neighbors and housing advocates will likely watch permits and management notices in the coming weeks to see whether the new owners file for renovations or reposition the buildings.
