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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...