A&E Real Estate Acquires Multifamily Asset For $415M On Upper West Side
160 Riverside Boulevard, New York City, New York 10069, United States
$415,000,000
$34,583/SF
Building Size
12,000 SF
Asset Type
MultiFamily
Closing
Jul 14, 2022
AI
A multifamily property located at 160 Riverside Boulevard in the Upper West Side has been sold for a total price of $415,000,000. The property consists of 455 units, with an average price per unit of $912,087.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $415,000,000
- Date: 07/15/2022
- Address: 160 Riverside Boulevard
- Market: Upper West Side
The buyer of the property is A&E Real Estate, represented by Douglas Eisenberg. The seller, Equity Residential, was represented by Sam Zell. The deal was facilitated by brokers Darcy Stacom and Ryan Silber from CBRE.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.04%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93