CBRE Brokers $98 Million Sale of The Brewster

Daniel Edward Rosen — Wed, 27 Jun 2012 08:30:11 -0400

CBRE has brokered a massive $98 million sale of The Brewster, a 144-unit pre-war apartment building on the Upper West Side, The Commercial Observer has learned.

The building on 21 West 86th Street, which has 116,000 rentable square feet, was sold by previous owner Rambleside Holdings LLC to an unnamed buyer, according to a source.

Darcy Stacom, Robert Garrish and Paul Leibowitz represented the seller in the transaction. They each refused to comment for the piece. A spokesman for CBRE also refused to comment on the deal.

The Brewster is one of the last remaining pre-war residential properties on the Upper West Side to be converted into condos.

CBRE is also marketing 393 West End Avenue, a 113-unit pre-war building, a source said.

drosen@observer.com

The Commercial Observer » CBRE Brokers $98 Million Sale of The Brewster

CBRE Brokers $98 Million Sale of The Brewster