David Schwartz's Waterton Acquires 502-Unit Multifamily Community In White Plains For $195M

Waterton has purchased the 502-unit multifamily community, 15 Bank, located in White Plains, N.Y., from Heitman for a total amount of $195 million. The transaction was facilitated with the assistance of CBRE.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $195,000,000
• Address: 15 Bank Street, White Plains
• Market: White Plains
• Buyer: David Schwartz - Waterton
• Seller: Maury R. Tognarelli - Heitman
• Brokers: Daniel Blumenkrantz, Eric Apfel, Jeffrey Dunne, Stuart MacKenzie, and Travis Langer - CBRE
• Units: 502
• Price per Unit (PPU): $388,446

This transaction marks the acquisition of the 502-unit multifamily community, 15 Bank, by David Schwartz - Waterton. The property is located in White Plains, N.Y. and was sold by Maury R. Tognarelli - Heitman. The deal was facilitated by Daniel Blumenkrantz, Eric Apfel, Jeffrey Dunne, Stuart MacKenzie, and Travis Langer - CBRE. The total sale price for the property amounted to $195 million.