A&E Real Estate has acquired Rivers Bend, a 21-story rental apartment building on Manhattan’s Upper East Side. The company purchased the 179-unit property at 501 East 87th Street from Soloviev Group for $116.5 million, equating to approximately $547,000 per unit.
Built in 1963, the 202,000-square-foot building offers a range of amenities, including a parking garage, a rooftop terrace with a glass-enclosed swimming pool, a fitness center, and a 24-hour attended lobby. Apartments feature wood-burning fireplaces, with select units offering balconies and private terraces.
Photograph of 501 East 87th Street, via Google Maps
Transit nearby 501 East 87th Street includes subway stations served by the 4, 5, 6, and Q trains.
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Wow!!!!….no wonder they are I foreclosure for Riverton Houses in Harlem….after not making repairs for over a year>