Merion Realty Partners Acquires Clifton Park Multifamily Property From Solomon Organization For $82.4M

The property asset involved in this transaction consists of two multifamily buildings located at 100 Foxwood Drive and 1688 Halfmoon Parkway in the Clifton Park market. The sale was finalized for a total amount of $82,400,000, encompassing 666 units within a combined square footage of 518,598. This results in a price per unit of $123,724 and a price per square foot of $159.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $82,400,000
• Units: 666
• Square Footage: 518,598
• Price per Unit: $123,724
• Price per Square Foot: $159
• Buyer: Merion Realty Partners
• Seller: Solomon Organization
• Brokers: Niko Nicolaou, Ryan Dowd, Peter Welch & Alexandria Ebers - Cushman & Wakefield; Jonathan Weinstein, Robert Stewart & Joseph Mahoney - Pyramid Brokerage Company
• Sale Date: 7/10/2025

The deal featured key individuals representing both sides, with brokers Niko Nicolaou, Ryan Dowd, Peter Welch, and Alexandria Ebers associated with Cushman & Wakefield, while Jonathan Weinstein, Robert Stewart, and Joseph Mahoney represented the transaction through Pyramid Brokerage Company. The collaborative efforts of these professionals facilitated the successful completion of the sale.