News:
Brokerage
Posted: August 9, 2022
Stacom of CBRE arranges sale of 160 Riverside Blvd. for $415 Million
New York, NY A CBRE team led by Darcy Stacom, chairman of NYC Capital Markets, arranged the $415 million sale of 160 Riverside Blvd. to New York-based apartment investor A&E Real Estate on behalf of the seller, Equity Residential. The transaction comes on the heels of A&E Real Estate’s acquisition of a sister property at 140 Riverside Boulevard in April for $266 million, also arranged by CBRE.
“Both 140 Riverside and now 160 Riverside offered A&E the unique opportunity to own two of the highest-quality apartment towers on the Upper West Side,” said Ryan Silber, vice president on the NYC Capital Markets team, who partnered with Stacom on the transaction.
Situated between West 67th St. and West 68th St. 160 Riverside Blvd. features 455 luxury rental apartments, a suite of amenities, the Dwight School, commercial space and parking, all with direct access to the Hudson River Park system.
Tags:
Brokerage
MORE FROM Brokerage
Marcus & Millichap brokers $2.8 million sale of free-market mixed-use property in Brooklyn
Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.
Quick Hits
 (2).gif)
Columns and Thought Leadership
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt
Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Positive forecast for New York’s pro-housing push? - by Philip Butler
New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing
A guide to finding the right NYC property management company - by Sanjay Gandhi
Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional
.gif)
September Promotion
