Kamber to pay European trust $50M for Riverside South garages

Properties are part of Trump Place development

TRD New York /
Aug.August 16, 2017 06:00 PM

220-240 Riverside Boulevard (Credit: Getty Images)

Kamber Management agreed to buy three Upper West Side parking garages from an unnamed European trust for $50 million.

The garages at 80, 100-120 and 220-240 Riverside Boulevard are part of the Trump Place-Riverside South development, the Commercial Observer reported. The seller paid $44.5 million for the properties in 2010.

The majority of the spaces (475) are at 220-240 Riverside Boulevard. Meridian Investment Sales brokered the deal.

Last year, Sam Zell’s Equity Residential made headlines when it removed the Trump name tag from three buildings at the complex: 140, 160 and 180 Riverside Boulevard[CO]Konrad Putzier 

Related Articles

An example of roll-off waste management (Credit: YouTube, iStock)

A win for big building owners in trash-collection fight

“I can talk about erections all day”: NAR tech consultant’s bizarre fireside chat

Council member Vanessa Gibson (Credit: New York City Council)

Commercial landlords face new fines as City Council passes anti-harassment bill

As House begins impeachment inquiry, here’s what we know about Trump’s Ukraine-real estate ties

Embattled Prodigy Network CEO Rodrigo Niño to step down

The Watchtower building at 25 Columbia Heights, CIM Group’s Shaul Kuba (right) and LIVWRK’s Asher Abehsera (Credit: Wikipedia, CIM Group, and LinkedIn)

JPMorgan leads $335M refi for CIM and LIVWRK’s Watchtower renovation

Multifamily market still reigns in Queens, Blackstone balks after rent reforms and more of the biggest CRE trends right now

Real estate titans … and their toys