In the largest New York City multifamily deal of the year so far, Blackstone Group closed Thursday on the $620 million purchase of Kips Bay Court, sources told The Real Deal. The investment firm entered contract in August for the eight-building, 894-unit complex between East 26th and 29th streets east of Second Avenue. All of the apartments are free-market. Section 8 tenants occupy about 40 percent of the units, but those apartments bring in nearly … [more]