Vanbarton takes small loss on $75M sale of Windsor Terrace rental building

The Dermot Company has purchased a 126-unit multifamily building in Windsor Terrace for about $75 million, according to property records and sources familiar with the deal. The building is known at the Kestrel and is located at 33 Caton Place. Dermot is funding the deal with a $45 million loan from MetLife. Apartments range from studios to three-bedrooms and average about 844 square feet, and amenities include a fitness center, pet spa and roof deck. … Continue reading Vanbarton takes small loss on $75M sale of Windsor Terrace rental building