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160 Riverside Boulevard

Updated Sep 4, 2026

Ben Kraus & Maggie Brunn Of A&E Real Estate Secure $295M Refinance Loan From JP Morgan For 455 Units
FINANCEDMultiFamily

Ben Kraus & Maggie Brunn Of A&E Real Estate Secure $295M Refinance Loan From JP Morgan For 455 Units

160 Riverside Boulevard

$295,000,000

Units

455

Asset Type

MultiFamily

Closing

Aug 20, 2026

About this deal

AI

The property asset involved in this transaction is a multifamily building located at 160 Riverside Boulevard in the Upper West Side, Manhattan, consisting of 455 residential units. The loan amount secured for this asset is $295,000,000, which serves as a refinance to support the ongoing investment in the property.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $295,000,000
  • Address: 160 Riverside Boulevard
  • Market: Upper West Side, Manhattan
  • Units: 455
  • Lender: JP Morgan
  • Borrower: Ben Kraus & Maggie Brunn - A&E Real Estate
  • Brokers: Robert Tonnessen & Peter Rotchford - JLL
  • Loan Type: Refinance

The key individuals involved in this transaction include Ben Kraus and Maggie Brunn, representing A&E Real Estate as the borrowers of the loan. The brokerage team for this deal consists of Robert Tonnessen and Peter Rotchford from JLL, who facilitated the refinancing process with JP Morgan as the lender.

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$295,000,000

MultiFamily

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Players

Christopher Peck

JLL

Broker

$18.2B

vol

77 deals

Broker
A&E Real Estate
A&E Real EstateBuyer
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New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $648.4K per unit across 455 units on a published $295M (2026).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.05%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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