Stellar Management, one of New York City’s premier owners and operators of residential and commercial real estate, announced on Jan. 19 that it has closed on its acquisition of The Paris New York for $146 million.
- The 200,000-square-foot, 24-story property consists of approximately 175 residential apartments.
- There are currently 10 units available for rent, according to Matthew Lembo, a principal at Stellar Management.
- Several improvements such as lobby renovations and amenity additions are planned for the building.
- Including The Paris New York, Stellar Management’s Upper West Side residential portfolio totals more than 2,000 rental apartments and two million square feet.