1940 1st Avenue, 552 Main, 1205 Fifth, 1990 Lex

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SALE IMAGE: Adam Spies, Adam Doneger, Doug Harmon, Marcella Fasulo, Josh King, Michael Collins, Ron Moelis & Ric Clark DATE: 07/30/2019 🥳 ADDRESSES: 1940 1st Ave, 552 Main, 1205 Fifth, 1990 Lex MARKET: Upper Manhattan TYPE: Multifamily PRICE: $1,200,000,000 🦍 UNITS: 2,800 PPU: $428K SELLER: Brookfield, Urban American BUYER: L&M, @InvescoUS BROKERS: @CushWake 🔥🔥🔥 PLANS: While everyone is freaking out over rent stabilization, the buyer plans to convert 2/3 of the units into affordable housing for tenants with limited income. All units are currently free market. 🤷‍♂️ —— #AdamSpies #AdamDoneger #DougHarmon #MarcellaFasulo #JoshKing #MichaelCollins #NYC #NewYork #UpperManhattan #Manhattan #Brookfield #LM #Invesco #CushmanWakefield #TradedNY

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IMAGE: Adam Spies, Adam Doneger, Doug Harmon, Marcella Fasulo, Josh King, Michael Collins, Ron Moelis & Ric Clark
DATE: 07/30/2019 🥳
ADDRESSES: 1940 1st Ave, 552 Main, 1205 Fifth, 1990 Lex
MARKET: Upper Manhattan
TYPE: Multifamily
PRICE: $1,200,000,000 🦍
UNITS: 2,800
PPU: $428K
SELLER: Brookfield, Urban American
BUYER: L&M, @InvescoUS
BROKERS: @CushWake 🔥🔥🔥
PLANS: While everyone is freaking out over rent stabilization, the buyer plans to convert 2/3 of the units into affordable housing for tenants with limited income. All units are currently free market. 🤷‍♂️ ——

#AdamSpies
#AdamDoneger
#DougHarmon
#MarcellaFasulo
#JoshKing
#MichaelCollins
#RonMoelis
#RicClark
#UpperManhattan
#MultiFamily
#BrookfieldUrbanAmerican
#LandM
#InvescoUS
#CushWake
#RentalBuilding
#EastHarlem
#NewYork