CBRE Investment Management Acquires Multifamily Property In Manhattan For $245M

The multifamily property located at 160 West 24th Street in Manhattan has been sold in a closed transaction. The property spans across 212,134 square feet and was sold for a total price of $245,000,000, resulting in a price per square foot of $1,154. The sale involved CBRE Investment Management as the buyer and Greystar Real Estate Partners as the seller. The transaction was facilitated by the brokers Jeff Organisciak, Gary Phillips, and Will Silverman from Eastdil Secured.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $245,000,000
• Square Footage: 212,134
• Price Per Square Foot: $1,154
• Buyer: CBRE Investment Management
• Seller: Greystar Real Estate Partners
• Brokers: Jeff Organisciak, Gary Phillips, and Will Silverman - Eastdil Secured

The deal involved key individuals and companies in the transaction. CBRE Investment Management acted as the buyer, while Greystar Real Estate Partners played the role of the seller. The brokers responsible for facilitating the transaction were Jeff Organisciak, Gary Phillips, and Will Silverman from Eastdil Secured.