Anbau announced its acquisition of 620 West 153rd Street, a new construction development for $22.5 million. Located on the northern edge of Manhattan’s Hamilton Heights, the site consists of two two-story parking garages, with over 120,000 sellable square feet.
Anbau will develop two luxury residential condominium buildings with sweeping Hudson River views and a robust suite of amenities. The buildings will share a common landscaped courtyard and on-site parking.
“We believe in the strength of Hamilton Heights as an emerging neighborhood that will create long-term value for residents,” said Steve Glascock, President, managing partner of Finance and Construction at Anbau. “620 West 153rd will offer an unprecedented living experience within steps of some of the finest cultural, academic, and research institutions in Upper Manhattan.”
Goldman Sachs is providing pre-construction financing. Bob Knakal, Josh Kuriloff, Jonathan Hageman, and Patrick Yannotta at Cushman & Wakefield were retained by Verizon, the seller, to broker the transaction.
620 West 153rd Street offers access to a range of transportation options, including the 1 and A trains, Riverside Drive and the West Side Highway. Construction will commence Spring of 2018.
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