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Scott Rechler Of RXR Realty Acquires 45% Stake In Manhattan Multifamily Properties For $435M
SOLD
$435,000,000
New York
See Similar DealsMultiFamily
Sold 01/14/2026
SOLD
Scott Rechler Of RXR Realty Acquires 45% Stake In Manhattan Multifamily Properties For $435M
265 East 65th Street, 222 East 67th Street & 242 East 67th Street
See Similar DealsMultiFamily
Sold 01/14/2026
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Sale
The transaction involves multifamily properties located at 265 East 65th Street, 222 East 67th Street & 242 East 67th Street in the Upper East Side market. RXR Realty acquired a 45% stake in these properties, known as Manhattan’s Solow Tower Apartments and Solow Townhouses, with a total property value of $435 million.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $435,000,000
- Buyer: Scott Rechler - RXR Realty
- Seller: Josh Gotlib & Meyer Orbach - GO Partners
- Stake: 45%
Scott Rechler represents RXR Realty in this acquisition while Josh Gotlib and Meyer Orbach represent GO Partners in the sale of the properties, overseeing the transaction process between the involved parties.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$23,200,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$1,545,463.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$2,062,121.93
Annual Debt Service$24,745,463.12
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