Real Estate

Stuy Town to hit the market, once again

therealdeal.comCW Capital Asset Management is preparing to sell Stuyvesant Town-Peter Cooper Village. The loan servicer, which controls Stuyvesant Town on behalf of bondholders, has tapped Eastdil Secured’s Doug Harmon to advise them on the sale of the 80-acre property.

Five years after Tishman Speyer and BlackRock defaulted on the property during the financial crisis, the property could see even more than the record $5.4 billion it last sold for in 2006. Eastdil Secured estimates that it could fetch between $5 billion and $6 billion, a person with knowledge of the deal told Bloomberg.

Categories: Real Estate

Tagged as: ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s