Macquarie Capital Partners With Brookfield For $800M Multifamily Recapitalization In Manhattan

The multifamily asset located at 10-40 Waterside Plaza in Manhattan comprises 1,471 units spanning a total of 1,207,706 square feet. The property has a sale price of $800,000,000, resulting in a price per unit (PPU) of $543,847 and a price per square foot (PPSF) of $662.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $800,000,000
• Units: 1,471
• Square Footage: 1,207,706
• Price Per Unit: $543,847
• Price Per Square Foot: $662
• Investor: Macquarie Capital
• Sponsor: Brookfield
• Broker Representatives: Adam Spies, Adam Doneger, Douglas Harmon, Joshua King, Avery Silverstein, Marcella Fasulo, Michael Collins, Jordan Roeschlaub, Nick Scribani & Christopher Kramer - Newmark

This transaction highlights the involvement of Macquarie Capital as the investor and Brookfield as the sponsor, with multiple brokers from Newmark representing the deal. The collective experience of the brokerage team indicates a well-managed process leading to the successful execution of this equity recapitalization.