Carlyle Group And Gotham Organization Acquire The Aire Building For $265M

The Aire, a financially challenged but opulent rental building located at 200 West 67th Street in the Upper West Side market, has been jointly acquired by Carlyle Group and developer Gotham Organization. The sale price for this multifamily asset was set at $265,000,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $265,000,000
• Buyer: Harvey Schwartz - Carlyle Group & Joel Picket - Gotham Organization
• Seller's Representative: Albert Kalimian - A&R Kalimian Realty
• Brokers: Alana Bassen & Darcy Stacom - CBRE

Carlyle Group, a renowned investment firm, and Gotham Organization, a prominent developer, teamed up to acquire The Aire. The property, located at 200 West 67th Street, offers a unique investment opportunity as it combines financial challenges with opulent features. The deal was facilitated by Albert Kalimian from A&R Kalimian Realty, representing the sellers. Leading the transaction on the buyer's side were Harvey Schwartz from Carlyle Group and Joel Picket from Gotham Organization. Alana Bassen and Darcy Stacom, both from CBRE, served as the brokers.

With this acquisition, Carlyle Group and Gotham Organization expand their real estate portfolios and strengthen their presence in the Upper West Side market. The Aire, with its distinctive attributes and strategic location, presents immense potential for both investment and development opportunities.