Upper East Side Property Trades for $266M
A&E Real Estate has acquired 140 Riverside Blvd., a 354-unit luxury tower in the Upper West Side area of Manhattan, for $266 million. Equity Residential sold the asset, previously acquired in 2005 an part of an $816 million portfolio transaction, Yardi Matrix data shows. Darcy Stacom, chairman of NYC Capital Markets, led the CBRE team which brokered the transaction on behalf of the seller.
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