UBS seeks $125M for UES apartment tower – Robert Khodadadian

An Upper East Side apartment tower nearing the end of its affordability agreement is for sale, providing potential buyers with a proposition: extend its lucrative tax break in exchange for deeper affordability, or let it lapse to make the building 100 percent market-rate. The real estate management arm of Swiss bank UBS is looking to sell the 32-story RiverEast rental tower at 408 East 92nd Street for somewhere between $120 million and $125 million, The

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Commercial Real Estate, Home Page, 421a, Multifamily Market, ubs, upper east side The Real Deal New York Read More

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