Global Holdings Acquires Instrata Nomad Multifamily For $381M

The sale of Instrata Nomad, located at 10 East 29th Street in Nomad, has been finalized for a price of $381,000,000. The multifamily property spans a total area of 408,000 square feet, equating to a price per square foot of $933. In total, the building consists of 392 units, with each unit being valued at $971,938.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $381,000,000
• Address: 10 East 29th Street
• Market: Nomad
• Square Footage: 408,000
• Price Per Square Foot: $933
• Number of Units: 392
• Price Per Unit: $971,938

The seller of Instrata Nomad was Invesco, while the buyer was Global Holdings represented by Eyal Ofer. The deal was facilitated by brokers Gary Phillips, Will Silverman, and Jeff Organisciak from EastdilSecured.