269 West 87th Street, NYC
“West End & 87th”
Located in Manhattan’s pristine Upper West Side, 269 West 87th Street is a 115,000 square foot high end new construction residential addition to the submarket. The Upper West Side is revered as Manhattan’s premier address for affluent families as catered by world-class educational institutions and a quiet suburban neighborhood feel.
269 West 87th Street was a unique opportunity to deliver a high end for sale residential product to a market that lacks quality new construction. The site, which was previously owned and occupied as a parking garage, was acquired by a BPG predecessor company, Simon Baron, with joint venture partner, Quadrum Global, through the creation of a 99-year ground lease. The project was completed in 2019.
Lenders
Carlyle Group
Slate Property Group (SCALE)
Located in Manhattan’s pristine Upper West Side, 269 West 87th Street is a 115,000 square foot high end new construction residential addition to the submarket. The Upper West Side is revered as Manhattan’s premier address for affluent families as catered by world-class educational institutions and a quiet suburban neighborhood feel.
269 West 87th Street was a unique opportunity to deliver a high end for sale residential product to a market that lacks quality new construction. The site, which was previously owned and occupied as a parking garage, was acquired by a BPG predecessor company, Simon Baron, with joint venture partner, Quadrum Global, through the creation of a 99-year ground lease. The project was completed in 2019.
Lenders
Carlyle Group
Slate Property Group (SCALE)