
Square Mile Capital Provides $286M Loan on Upper West Side Buy
Square Mile Capital Management LLC has originated a $285.8-million loan secured by 160 Riverside Blvd., a 33-story, Class A, 455-unit multifamily building on Manhattan’s Upper West Side. The financing was arranged for a joint venture led by A&E Real Estate, which is acquiring the property from Equity Residential.
“Located along the Hudson River, 160 Riverside Blvd. is a premier New York apartment building with a robust amenity package and excellent proximity to nearby employers, public transit, and entertainment districts,” said Square Mile principal David Greenburg. “We are thrilled to continue our financing activity in New York City.”
The property was developed in 2001 by Hudson Waterfront. It’s the second Upper West Side acquisition A&E Real Estate has made from Equity Residential this year and was arranged by CBRE’s Darcy Stacom and Ryan Silber. First announced last month, the $415-million 160 Riverside deal followed A&E’s $266-million acquisition of 140 Riverside Blvd.
- ◦Sale/Acquisition
- ◦Financing