Barings Real Estate Sells Multifamily Asset At Riverbank 560 West 43rd Street For $243.5M

The property asset involved in the transaction is a multifamily unit located at 560 West 43rd Street in the Hell's Kitchen market. The sale was finalized at a price of $243,500,000, encompassing a total of 418 units with a per-unit price of $582,535.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $243,500,000
• Units: 418
• Price Per Unit: $582,535
• Seller: Barings Real Estate
• Brokers: Jeffrey Julien, Rob Hinckley, Steven Rutman, Andrew Scandalios & Devon Warren - JLL
• Date of Transaction: 7/11/2025
• Address: Riverbank - 560 West 43rd Street
• Market: Hell's Kitchen

The transaction was facilitated by the brokerage firm JLL, with key representatives including Jeffrey Julien, Rob Hinckley, Steven Rutman, Andrew Scandalios, and Devon Warren involved in the deal. Their collective expertise played a crucial role in the completion of this multifamily property sale.