In 2016, Sam Zell said, “It’s very hard not to be a seller.” Although New York City’s rental market has slowed two years later, Equity Residential still appears to have the selling spirit. The residential real estate investment trust just sold a 13-story, 155-unit rental building on the Upper East Side, according to Marcus & Millichap, which brokered the deal. Sources said the buyer, Hampshire Properties, paid just north of $85 million. The market-rate Yorkville […]
source https://therealdeal.com/2018/03/26/equity-residential-sells-ues-rental-building-for-north-of-85m/
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