CBRE’s Jeff Dunne, Eric Apfel, Jeremy Neuer, Stuart MacKenzie and Zach McHale arranged the $113-million sale of Windsor at The Gramercy, a 260-unit multifamily community in White Plains, NY. The team represented the seller, GID, while also procuring the buyer, Friedkin Property Group.
Built in 2003, Windsor at The Gramercy is an eight-story Class-A multifamily community located adjacent to the White Plains CBD. It’s within walking distance to dozens of restaurants and shopping options, and is less than a mile from the White Plains Metro-North Train Station and Transportation Center.
Dunne said, “There was significant interest in the offering due to its central location in White Plains and the opportunity to add value by renovating apartments and upgrading amenities to contemporary resident tastes. While southern markets are seeing a significant slowdown in rental growth and transaction activity, the New York City metro still offers compelling value to investors.”
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).
CRE courses for CE credits
Get CE course credits, centered around all things CRE. View our courses today!