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

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