NEW YORK (AP) - Officials say the largest apartment complex in Manhattan is expected to be sold for $5.3 billion in a deal that will preserve nearly half its 11,232 units for middle-class families.

NEW YORK (AP) Officials say the largest apartment complex in Manhattan is expected to be sold for $5.3 billion in a deal that will preserve nearly half its 11,232 units for middle-class families.

Mayor Bill de Blasio and other officials are set to announce the sale of Stuyvesant Town-Peter Cooper Village to Blackstone on Tuesday.

Under the terms of the deal, about 4,500 apartments in the complex on Manhattan's east side would be reserved for middle-income families. Another 500 would be kept for lower-income families.

Original owner MetLife sold the complex for $5.4 billion in 2006 but the new owners defaulted.

CW Capital Asset Management LLC has controlled the 80-acre property since 2010.

Representatives for Blackstone and CW Capital did not immediately respond to calls seeking comment.