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Dec

04

NYC Garage Portfolio Commands $50M

By Tony Seruga

Kamber Management Co. added three prime condominium-based facilities to its collection. The properties are fully leased to Icon Parking Systems.

Kamber Management Co. has acquired a Riverside Garage portfolio consisting of three parking facilities on Manhattan’s Upper West Side for $50 million from 80-20 LLC.

All three parking facilities are located on the base of condominiums, at 80, 100-120 and 220-240 Riverside Blvd. The properties are fully leased to Icon Parking Systems, considered the premier garage operator in New York City…

NYC Garage Portfolio Commands $50M

Categories : Commercial Real Estate, Finance

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