HUBB NYC Acquires Multifamily Portfolio In Upper East Side & Upper West Side For $99.88M

The property involved in the transaction is located at 182-188 Columbus Avenue, 464-466 Amsterdam, 200-210 West 83rd Street, 181-199 Columbus Avenue, 1582 First Avenue, 306 East 89th Street, 311 and 313 East 73rd Street, 322 East 61st Street, 452 East 78th Street, 510 East 88th Street, 514 East 88th Street, and 518 East 88th Street. It is a multifamily asset with a total square footage of 174,118 and consists of 361 units. The property is situated in the Upper East Side and Upper West Side markets.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $99,880,000
• Lender: JP Morgan CTL
• Landlord: HUBB NYC

The loan for this transaction was provided by JP Morgan CTL. Cushman & Wakefield represented the buyer, seller, landlord, and tenant in the deal. The loan amount was $99,880,000, and it was an acquisition loan with a term of 10 years. The loan terms included a 10-year interest-only portfolio loan.