New York & Tri-State + Fairfield/Westchester + Apartments | December 7, 2020

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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About Paul Bubny

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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