Glenwood Management is selling its Upper East Side rental building, The Hamilton, for $150 million, the Real Deal reports. Bonjour Capital is in contract to buy the 265-unit building and has released renderings for their renovation plans. This adds to a small handful of sales made since 2005 from Glenwood Management, which rarely parts with its properties.
Located at 1735 York Avenue at the corner of East 90th Street, the building will be renamed The Serrano and is gearing up to get a contemporary $20 million makeover.
- First look: Bonjour Capital’s plans for 1735 York Avenue [The Real Deal]
- Dayan’s Bonjour Capital buys UES rental from Glenwood for $150M: sources [The Real Deal]