Equity Residential Snags $266M in Sale of Luxury Upper West Side Rentals
A CBRE team led by Darcy Stacom, chairman of NYC Capital Markets, arranged the $266-million sale of a 354-unit luxury rental apartment tower at 140 Riverside Blvd. on Manhattan’s Upper West Side to New York-based apartment investor A&E Real Estate. CBRE represented seller Equity Residential.
“140 Riverside Blvd. is a standout in the New York market, situated both waterfront and park-front with direct access to the Hudson River Park system,” said Stacom, who partnered with team member Ryan Silber on the sale. “The property has been meticulously maintained and is truly excellent real estate – as this transaction validates.”
Completed in 2003 as Trump Place, the tower includes commercial space leased to the Dwight School and a veterinarian as well as amenities, including a gym, interior courtyard and multiple tenant lounges. It offers views of the Hudson River and proximity to Lincoln Center, Columbus Circle, and Central Park
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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