Acro Nadlan and Gaia Nadlan completed the purchase of the Vantage residential project in New York
- Anna LIFTOFFF
- Dec 7, 2025
- 1 min read
Two years after purchasing the Vantage Tower, located in the Murray Hill neighborhood in the eastern part of Midtown Manhattan, Acro Real Estate and Gaia Real Estate completed its conversion from a single-owner residential building into a residential building divided into private housing units, including all the services typical of luxury buildings.
The companies bought the tower from banking giant UBS, and according to Accru Real Estate, about $100 million was invested in its purchase and renovation.
The tower rises to 23 floors, covers an area of about 10,000 square meters, and includes 100 apartments. The apartment mix consists of studios, two-room, and three-room units. A typical two-room apartment of 65 square meters starts at $760,000, while a three-room apartment of 100 square meters costs $1.277 million.
The possibility of converting buildings into residential use is receiving support from the New York authorities, who encourage home ownership since most residents of Manhattan live in rental apartments.
Acro Real Estate, owned by Tzahi Arbov, Ilan Kapon, Ziv Yaakobi, and Erez Gil, has additional projects across the United States totaling about $1 billion. Among these projects are the Setai residential building in New York near Ground Zero and the Luxury Residential Tower with 150 apartments. In addition, the company has completed acquisitions in Florida over the past two years, including the Chase Bank building and a residential complex in Miami.
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