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New York & Tri-State  + Uptown/Bronx  + Finance  | 
160 Riverside Blvd. on Manhattan's Upper West Side has sold to A&e real Estate for $415 million

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. 

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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).

  • ◦Sale/Acquisition
  • ◦Financing
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