Dermot And PGGM Acquire Upper West Side Apartment Building For $416M

The apartment building located at 101 West End Avenue in New York City's Upper West Side has been sold in a closed transaction. The property, owned by Equity Residential and sold by Sam Zell, was acquired by Dermot and PGGM. The building consists of 503 units and spans a total area of 631,204 square feet. The transaction price was $416,000,000, resulting in a price per square foot of $659.

Summary of transation details

• Property Type: Apartment Building
• Transaction Amount: $416,000,000
• Units: 503
• Square Footage: 631,204
• Price per Square Foot: $659
• Address: 101 West End Avenue, New York City
• Market: Upper West Side
• Seller: Equity Residential – Sam Zell
• Buyer: Dermot and PGGM
• Brokers: @CushWake Harmon, Spies, Doneger, and Marcella

The deal was facilitated by the brokerage firm @CushWake, with brokers Harmon, Spies, Doneger, and Marcella representing the parties involved in the transaction.