Westchester County Apartment Community Trades Hands for $32 Million via Walker & Dunlop
Westchester County Apartment Community Trades Hands for $32 Million via Walker & Dunlop |
[04-December-2020] |
BETHESDA, Md., Dec. 4, 2020 /PRNewswire/ -- Walker & Dunlop, Inc. announced today that it has completed the $32,250,000 sale of The Mariner, a Class A apartment community located along the Byram River and Port Chester's Riverwalk Promenade in Port Chester, New York. The property opened in 2012 following the neighborhood's comprehensive redevelopment, which rapidly transformed the streetscape into a destination for retail, entertainment, and living. Originally planned as a condominium, the LEED Silver Certified property comprises 100 spacious units and features a best-in-class amenity package. Walker & Dunlop's team was led by Managing Directors Thomas Walsh and Joseph Garibaldi. The team represented the seller, institutional investors advised by J.P. Morgan Asset Management, serving as broker and advisor for the disposition. Mr. Walsh stated, "Institutionally developed, owned, and maintained, The Mariner is considered one of Westchester County's premier residential assets. This sale represented a very rare opportunity to acquire an institutional caliber boutique luxury residential asset in one of the nation's highest barriers to entry metropolitan areas, and we were pleased to play a part in the transaction." Situated in the heart of downtown Port Chester, The Mariner is within walking distance of Port Chester's Metro-North Train Station, providing direct access to midtown Manhattan and to Stamford, Connecticut. Premium community amenities include a fitness studio, social lounge, concierge service, and a landscaped roof overlooking downtown Port Chester with sweeping views of the Long Island Sound and Port Chester's active recreational marina. The condominium-grade units average over 1,000 square feet and feature premium fixtures and finishes, including high ceilings, hardwood floors, and quartz countertops. Walker & Dunlop is a leader in the multifamily property sales space and continues to expand its capabilities and reach across the United States. The company has more than doubled the size of its property sales team since the end of 2018 and has added new offices in Austin, Chicago, Columbus, Los Angeles, the New York Metropolitan area, Philadelphia, Portland, and San Diego. Walker & Dunlop is focused on growing this platform to complement its national mortgage banking footprint. To learn more about our property sales capabilities, visit our website. About Walker & Dunlop About J.P. Morgan Global Alternatives View original content to download multimedia:http://www.prnewswire.com/news-releases/westchester-county-apartment-community-trades-hands-for-32-million-via-walker--dunlop-301186294.html SOURCE Walker & Dunlop, Inc. | ||
Company Codes: NYSE:WD |
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