A&E Real Estate Acquires Multifamily Asset On Upper West Side For $266M

Located in the Upper West Side market, the multifamily property at 140 Riverside Boulevard has been successfully sold. The transaction was carried out by A&E Real Estate, a buyer, and Equity Residential, the seller. The deal was facilitated by the brokers Darcy Stacom and Ryan Silber. The property consists of 354 units, with each unit being sold at an average price of $751,412. The total sale price for the property amounted to $266,000,000.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $266,000,000
• Address: 140 Riverside Boulevard, Upper West Side
• Buyer: A&E Real Estate
• Seller: Equity Residential
• Brokers: Darcy Stacom (Representing A&E Real Estate) & Ryan Silber (Representing Equity Residential)
• Units: 354
• Price Per Unit: $751,412

Darcy Stacom, representing A&E Real Estate, and Ryan Silber, representing Equity Residential, played crucial roles in ensuring the success of this transaction. Their expertise and efforts made the deal possible, providing a valuable asset for both the buyer and the seller.