Meyer Orbach's GO Residential REIT Acquires 7 Dey Street Multifamily For $222.6M With Arbor Realty Trust Loan

The asset involved in this transaction is a 209-unit multi-family building located at 7 Dey Street in the Tribeca market of Manhattan. The acquisition price for the property was $222.6 million. Arbor Realty Trust provided financing in the amount of $146,240,000 to support the acquisition of this luxury apartment building.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $222,600,000
• Loan Amount: $146,240,000
• Loan Type: Acquisition
• Lender: Arbor Realty Trust
• Landlord: Meyer Orbach - GO Residential REIT
• Units: 209
• Address: 7 Dey Street
• Market: Tribeca, Manhattan

The deal involved Meyer Orbach representing GO Residential REIT in the acquisition. SL Green Realty was the seller of the property, transferring ownership to GO Residential REIT with the support of financing from Arbor Realty Trust.