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Deals & Dealmakers

Square Mile Capital Provides $285.8 Million Loan Secured by New York Multifamily Building

Square Mile Capital Management LLC (“Square Mile Capital”) today announced that it has originated a $285.8 million loan secured by 160 Riverside Boulevard, a 33-story, Class A, 455-unit multifamily building with 12,000 square feet of ground-floor retail space. The property is located in the Lincoln Square submarket of New York, NY.

Square Mile Capital provided the financing to a joint venture operated by A&E Real Estate to facilitate the acquisition.

Square Mile Capital Principal David Greenburg said, “Located along the Hudson River, 160 Riverside Boulevard is a premier New York apartment building with a robust amenity package and excellent proximity to nearby employers, public transit, and entertainment districts. We are thrilled to continue our financing activity in New York City.”

The property was developed in 2001 by Hudson Waterfront. The building offers tenants a 24-hour fitness center and concierge, a clubhouse with a media room, resident lounge, on-site laundry facility, valet dry cleaning, and a subsurface parking garage.

The property is located along Riverside Boulevard between 67 th and 68 th streets in the Lincoln Square submarket of New York, NY. The property is accessible via the A, C, B, and D subway lines at the Columbus Circle metro station (18-minute walk) or the 1 and 2 lines at the 67 th Street-Lincoln metro station (11-minute walk). Additionally, the Property is adjacent to the West Side Highway.

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