John McCarthy - HUBB NYC Acquires Multifamily Asset On Upper West Side & Upper East Side For $190M

The recently closed property transaction involves a multifamily asset in the Upper West Side and Upper East Side markets. The property consists of 361 units with a sale price of $190,000,000. This equates to a price per unit of $526,315. The total square footage of the property is 209,100, resulting in a price per square foot of $908.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $190,000,000
• Units: 361
• Price per Unit: $526,315
• Square Footage: 209,100
• Price per Square Foot: $908
• Market: Upper West Side & Upper East Side

The buyer of the property is John McCarthy representing HUBB NYC, while the seller is Terry Considine from AIR Communities. The transaction was facilitated by brokers Adam Spies, Adam Doneger, Doug Harmon, Josh King, Kevin Donner, Marcella Fasulo, Michael Collins, Meaghan Philbin, and Monica Brendsel from Cushman & Wakefield.