Riverton Houses, Steven Sinatra (top) of Greenberg Traurig, and Howard Comet (bottom) of Weil, Gotshal & Manges

Update (1:50 p.m.): David Bistricer’s Morgan Capital was the other bidder. Comments regarding and from Bistricer added.

Special servicer CWCapital Asset Management won the bidding this
morning to take title to the Riverton Houses in Harlem at a price of
$125 million, following a short bidding war with an attorney
representing a company controlled by real estate investor David Bistricer, called Morgan Capital. About 75 people, including brokers, potential buyers and residents of
the 12 13-story apartment buildings, attended the brief auction in the rotunda of the State Supreme Court building at 60 Centre Street. The property has a loan with a judgment valued at $240.6 million that is held in a
commercial mortgaged-backed security. CWCapital is the special servicer
for the loan.
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