Manhattan apartments change hands for $342 million

Archstone-Smith grows portfolio
Published on Jan 23, 2006

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by CareyBot

Archstone-Smith, one of the nation’s largest apartment companies, recently announced the acquisition of The Gershwin, a 40-story, 550-unit high-rise apartment community in Manhattan, for $342 million. Built in 1998, The Gershwin is located on 8th Avenue between 49th and 50th ...