Amancio Ortega Acquires Multifamily Property In Financial District For $500M

Located at 19 Dutch Street in the Financial District, this multifamily property was recently sold in a closed transaction. The deal was finalized on July 14, 2022, with a sale price of $500,000,000. The property consists of 500 units, resulting in a price per unit of $1,000,000. With a total area of 330,000 square feet, the price per square foot amounts to $1,515.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $500,000,000
• Units: 500
• Price per Unit: $1,000,000
• Square Footage: 330,000
• Price per Square Foot: $1,515
• Address: 19 Dutch Street, Financial District

The buyer of this property is Amancio Ortega, while the seller is Carmel Partners. The transaction was facilitated by brokers Doug Harmon, Adam Spies, Adam Doneger, Marcella Fasulo, and Mike Collins from Cushman & Wakefield.