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

Properties are part of Trump Place development

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 

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