The Pear Brothers with the Blair House at Sutton Place (Google Maps, Pearsfoundation)

Whore ! That’s a lot of apartments.

A shell company linked to the William Pears Group, a British property investor run by the billionaire Pears brothers, has purchased 62 condo units with a combined value of $25 million, according to public records.

The spending spree was split across two developments: 15 apartments at Blair House in Sutton Place and 47 apartments at Kips Bay Towers.

The company spent $19.35 million at Kips Bay and $5.63 million at Blair House. Stuart Berg, attorney for Kurzman Eisenberg Corbin & Lever, signed for the LLC. The front company is attached to MD Squared Property Group, a condo, co-op and rental management company.

The William Pears Group has bought in bulk before, but never on this scale. In November 2020, he purchased 36 condos at The Continental in Turtle Bay for $11.5 million. In 2018, he acquired 30 units at Central Park Plaza in Harlem, just past the north end of the park, for $7.2 million.

In total, entities affiliated with William Pears have purchased $72.3 million worth of Manhattan apartments since August 2017.

The company is run by Mark, David and Trevor Pears, whose father and grandfather founded it in 1952, according to the company’s website. The brothers also run the family’s charitable foundation, to which the property industry has donated £69.3million over the past three years.

Neither the William Pears Group nor Berg immediately responded to requests for comment.

Group purchases of condos are more likely to occur in distressed projects. However, residential prices are recovering from their pandemic declines in New York, particularly in the luxury condo market. According to public records, the Pears have now spent at least $43.7 million on more than 100 apartments during the pandemic, and their latest purchase suggests they still see value.