A firm called Endland LLC has purchased two 26-story apartment buildings at 251 Cherry Street on the Lower East Side for $170.8 million, according to city records.
Endland LLC, an entity affiliated with Pembroke Companies, bought the buildings from Helen Drew on Sept. 24.
On its Web site, Pembroke describes itself as "a privately held real estate investment, development and management firm. Pembroke makes significant, usually lead investments in both public and private real estate companies, whose portfolios include multifamily residential properties, net lease retail and shopping centers, industrial properties and other mixed-use properties."
Calls to Pembroke's founder were not immediately returned.
Pembroke got some bad press earlier this year when it sought to purchase the 200-unit, Mitchell Lama Trinity House, on the Upper West Side.