A&E Real Estate Acquires Property At 160 Riverside Boulevard For $415 Million With Seller's Rep Darcy Stacom

The asset involved in this transaction is a 455-unit multifamily building located at 160 Riverside Boulevard, New York, NY. The property was sold for $415,000,000.00. It overlooks the Hudson River and is situated between West 67th and West 68th streets. The building offers a range of units including studio, one-, two-, and three-bedroom apartments, with sizes varying from 498 to 1,797 square feet. It features various amenities such as a fitness center, clubhouse, package handling system, and a playground.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $415,000,000.00
• Address: 160 Riverside Boulevard, New York, NY
• Market: New York
• Seller's Representative: Darcy Stacom-CBRE
• Buyer: A&E Real Estate
• Seller: Equity Residential
• Acquisition Financing: $285.8 million by Square Mile Capital Management

The transaction was facilitated by Darcy Stacom, who led the CBRE team representing the seller, Equity Residential. A&E Real Estate, a locally based investment firm, was the buyer in this deal. The substantial acquisition financing of $285.8 million was provided by Square Mile Capital Management to support this transaction.