Walker & Dunlop Closes $32M New York Sale
- Dec 07, 2020
Walker & Dunlop has arranged the disposition of The Mariner, a 100-unit luxury community in Westchester County, N.Y. JPMorgan Asset Management sold the LEED Silver-certified asset for $32.3 million. Managing Directors Thomas Walsh and Joseph Garibaldi led the team representing the seller.
Located at 21 Willett Ave. in Port Chester, the transit-oriented community occupies a 1.4-acre site in a designated Opportunity Zone along the Byram River, just off the North Main Street retail corridor. Port Chester Station is a short distance away, which provides direct service to Manhattan’s Grand Central Station, 25 miles southwest.
Completed in 2012 alongside a wider, neighborhood redevelopment, The Mariner has one- and two-bedroom units within a five-story structure. Community amenities include a fitness studio, social lounge and landscaped roof.
Earlier this year, Walker & Dunlop expanded its New York City presence with the acquisition of AKS Capital Partners. The transaction added 15 members to the brokerage’s New York Capital Markets Practice.