Port Chester Apartments Trade for $32M
Walker & Dunlop, Inc. recently completed the $32,250,000 sale of The Mariner, a Class A apartment community located along the Byram River and Port Chester’s Riverwalk Promenade in Port Chester, NY. The seller was institutional investors advised by J.P. Morgan Asset Management. The buyer wasn’t disclosed.
Walker & Dunlop’s team was led by managing directors Thomas Walsh and Joseph Garibaldi. The team represented the seller, serving as broker and advisor for the disposition.
“Institutionally developed, owned, and maintained, The Mariner is considered one of Westchester County’s premier residential assets,” said Walsh. “This sale represented a very rare opportunity to acquire an institutional caliber boutique luxury residential asset in one of the nation’s highest barriers to entry metropolitan areas.”
The property, which opened in 2012, is within walking distance of Port Chester’s Metro-North Train Station, providing direct access to Midtown Manhattan and to Stamford, CT.
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