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

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SOLD

New York

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Other631,204 SF
Sold 07/26/2018
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Property Image
SOLD

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

101 West End Ave, New York, NY 10023, USA

See Similar Deals
Other631,204 SF
Sold 07/26/2018
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Summary

NEW YORK
Asset Type:Other
Price Per Square Foot:$0
Total Square Footage:631,204 SF
Transaction Type:Sale

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.

Players

BUYER

Details

SOLD
IMAGE: Sam Zell and Steve Benjamin DATE: 07/26/2018 ADDRESS: 101 West End Avenue CITY: New York MARKET: Upper West Side ASSET TYPE: Apartment Building PRICE: $416,000,000 UNITS: 503 SF: 631,204 PPSF: $659 SELLER: Equity Residential – Sam Zell BUYER: Dermot and PGGM BROKERS: @CushWake Harmon, Spies, Doneger (@ADoneger), and Marcella

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Cash-on-Cash Return0.00%
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