Finance   ·   Acquisition

Rockpoint Acquires UES High Rise for $218M With Wells Fargo Loan

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The Wimbledon at 200 East 82nd Street.
The Wimbledon.

Rockpoint Group acquired The Wimbledon, a 28-story apartment high rise on the Upper East Side, for $218 million, or $977,578 per unit, with a $115 million loan from Wells Fargo, city records show.

The Boston-based real estate investment firm purchased the luxury rental building at 200 East 82nd Street from J.P. Morgan Investment Management in a deal brokered by Darcy Stacom and Paul Liebowitz of CBRE.

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The acquisition and financing closed just before the new year, on Dec. 30, 2014, according to the deed and loan documents.

Jason Krane and Patrick Hanlon of Ackman-Ziff Real Estate Group brokered the loan from Wells Fargo, a person familiar with the deal told Mortgage Observer.

The 205,261-square-foot property, built a few blocks from Central Park in 1980, contains 223 apartment units and 6,200 square feet of ground-floor retail space occupied by a Citibank branch.

J.P. Morgan’s asset management arm bought The Wimbledon from New York-based investor P&H Associates for $150.4 million in 2008.

Rental prices at the property range from $3,500 a month to $15,000 a month, according to data from StreetEasy.

A representative for Rockpoint said the firm does not respond to media inquiries.