Webster Apartments

Webster Apartments portfolio

$13.2 million* – hotel 100%; Brooklyn 100%, Manhattan 0%

2277th largest portfolio by dollar value

56,626 sqft – hotel 100%;

2682th largest by SF

Company Activity past 24 months:

Buyer company: 1 for $42.2 million

Seller company: 1 for $52.5 million

Top Ten Associated Companies:

Lam Generation (1), Educational Housing Services (1)

Top Ten Associated People:

Kin Chung Lam (1), Jeffrey W. Lam (1), Cindy Luk (1), Keith Lam (1), Shuet Chun Lam (1), Loann Lee (1), Ariel Dybner (1)

Recent activity as company:

• Lam Generation sold 229 Duffield Street, Downtown Brooklyn, Brooklyn for $42.2 million to Webster Apartments on June 06, 2023.

• Webster Apartments sold 413 West 34th Street and N/A West 35th Street, Hudson Yards, Manhattan for $52.5 million to Educational Housing Services on April 05, 2023.

Properties:

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*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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