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A&E Real Estate Acquires Multifamily Asset On Upper West Side For $266M

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SOLD
$266,000,000

New York

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MultiFamily367,786 SF
Sold 04/09/2022
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Property Image
SOLD

A&E Real Estate Acquires Multifamily Asset On Upper West Side For $266M

140 Riverside Boulevard, New York City, New York 10069, United States

See Similar Deals
MultiFamily367,786 SF
Sold 04/09/2022
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$723
Total Square Footage:367,786 SF
Transaction Type:Sale

Located in the Upper West Side market, the multifamily property at 140 Riverside Boulevard has been successfully sold. The transaction was carried out by A&E Real Estate, a buyer, and Equity Residential, the seller. The deal was facilitated by the brokers Darcy Stacom and Ryan Silber. The property consists of 354 units, with each unit being sold at an average price of $751,412. The total sale price for the property amounted to $266,000,000.

Summary of Transaction Details

  • Property Type: Multifamily
  • Transaction Amount: $266,000,000
  • Address: 140 Riverside Boulevard, Upper West Side
  • Buyer: A&E Real Estate
  • Seller: Equity Residential
  • Brokers: Darcy Stacom (Representing A&E Real Estate) & Ryan Silber (Representing Equity Residential)
  • Units: 354
  • Price Per Unit: $751,412

Darcy Stacom, representing A&E Real Estate, and Ryan Silber, representing Equity Residential, played crucial roles in ensuring the success of this transaction. Their expertise and efforts made the deal possible, providing a valuable asset for both the buyer and the seller.

Players

Darcy Stacom
30 deals$8.6B volume
BROKER

Ryan Silber
CBRE
6 deals$1B volume
BROKER

A&E Real Estate
BUYER


Details

SOLD
IMAGE: Ryan Silber & Darcy Stacom DATE: 04/09/2022 ADDRESS: 140 Riverside Boulevard MARKET: Upper West Side ASSET TYPE: Multifamily BUYER: A&E Real Estate SELLER: Equity Residential BROKERS: Darcy Stacom & Ryan Silber SALE PRICE: $266,000,000 UNITS: 354 ~ PPU: $751,412

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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