Amstar Group Acquires Multifamily Asset From Shorenstein Properties And Dreamscape Companies For $129M

The asset involved in this transaction is a multifamily property located at 515 West 38th Street within the Hudson Yards market. The sale price for the property was $129,000,000, and it consists of 225 units.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $129,000,000
• Address: 515 West 38th Street
• Market: Hudson Yards
• Units: 225
• Buyer: Amstar Group
• Seller: Shorenstein Properties & Dreamscape Companies
• Brokers: Jeffrey Julien, Rob Hinckley, Steven Binswanger, Steven Rutman & Devon Warren - JLL

The transaction involved multiple key individuals from JLL, including Jeffrey Julien, Rob Hinckley, Steven Binswanger, Steven Rutman, and Devon Warren, all of whom represented the parties in this sale, facilitating the efforts between the buyer and the sellers.