NEW YORK CITY–Slate Property Group and KABR Group, in partnership with Avenue Realty Capital's equity platform, have acquired 600 Columbus Avenue, a 14-story multifamily building in the heart of Manhattan's thriving Upper West Side neighborhood.
Located one block from Central Park, the 175,500-square-foot, full-service elevator building, which spans the entire block between 89th and 90th Streets, currently comprises 166 apartments, 27,500 square feet of retail and 100 parking spots.
The partnership purchased the property from its original developer and owner for $120 million. The acquisition was financed in part by a $68 million loan from an affiliate of Apollo Global Management, according to a prepared release.
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