Riverton | TRD Research




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259 West 93rd Street
New York, NY 10025
Residential, Sales, Conversion, Condo
  • Address 259 West 93rd Street
  • neighborhood Upper West Side
  • borough Manhattan
  • LIST/LAUNCH SALES 02/06/1985
  • AG Initial Price $ 3,926,000
  • Year Built 1930
  • ag file plans 12/01/1983
  • AG FILE Link
  • residential units 15
  • total units 15
  • square feet 18,022
  • const. status Building Complete
  • block and lot 1-01241-7501
  • BIN 1033657
  • Event Sales
  • Address Riverton
  • Neighborhood East Harlem
  • Borough Manhattan
  • Price $ 201,000,000
  • Publication Date 02/01/2016
  • Event Date 12/23/2015
  • Party 1 CWCapital Asset Management
  • Party 2 A&E Real Estate Holdings
The 1,229-unit housing complex was sold for $201 million.
  • Event Sales
  • Address Riverton Houses
  • Neighborhood Midtown
  • Borough Manhattan
  • Price $ 135,000,000

The other three owners in the top five â€' Blackstone, Cammeby’s and A&E â€' operate almost exclusively through acquisitions rather than development. Part Silicon Valley investor, part New York real estate scion, A&E has quickly become the city’s fifth-largest landlord through multiple portfolio purchases in recent years. In 2015 alone, the company acquired $800 million in New York rental properties, including the $201 million Riverton Houses complex in Harlem in a deal brokered with the city...

A&E is now buying the affordable housing complex known as Riverton Houses in Harlem, a $201 million deal with the complex’s current manager, CW Capital...

“The number of open court cases at the Savoy reflects our ongoing work to rehabilitate a distressed property and ensure compliance with rent-stabilization laws,” said a spokesperson for C&C Management, which is the management arm of L&M Development Partners. And while Langer had a rate of nearly 19 percent in the previously cited building on Fifth Avenue, among a wider group of buildings with a total of 1,014 units, he had a rate of just 3.6 percent. Also in Harlem, the Olnick Organization owns a 1,716-unit series of buildings known as Lenox Terrace, which combined had a rate of just 1.9 percent. And CWCapital Asset Management, which controls Stuyvesant Town, Peter Cooper Village and Riverton, which were all once heated battlegrounds in Housing Court, had a combined rate of approximately 0.4 percent, the survey found...

...amp;E Real Estate Holdings’ purchase of the Riverton housing complex in Central Harlem for $201 million. The deal included nearly 1,000 affordable housing units...