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&E Real Estate has acquired Rivers Bend, a 21-story rental building on Manhattan's Upper East Side. The company purchased the 179-unit property at 501 East 87th Street from Soloviev Group for $116.5 million, or approximately $547,000 per unit. Built in 1963, the 202,000-square-foot building offers a range of amenities, including a parking garage and rooftop terrace with a glass-enclosed pool.
Apartments feature wood-burning fireplaces, with select units offering balconies and private terraces. The property is located near subway stations served by the 4, 5, 6, and Q trains.
