facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

265 East 66th Street

GO Partners Acquires MultiFamily Property In New York City From Solow Building Company For $419.5M
SOLDMultiFamily

GO Partners Acquires MultiFamily Property In New York City From Solow Building Company For $419.5M

265 East 66th Street

$419,500,000

$987/SF

Building Size

424,922 SF

Asset Type

MultiFamily

Closing

Apr 20, 2023

AI

The multi-family property located at 265 East 66th Street in New York City has been sold for a total amount of $419,500,000. The property consists of 321 units, with an average price per unit of $1,306,854. The total square footage of the property is 424,922, with an average price per square foot of $987.

Summary of transaction details

The deal was facilitated by Rob Hinckley, Jeffrey Julien, Steven Rutman, Scott Panzer, Andrew Scandalios, and John Taylor from JLL. They represented the buyer, GO Partners, and the seller, Solow Building Company, in this transaction. This successful sale in the New York City market reflects the growing interest in multi-family properties in the area.

Players

Andrew Scandalios

JLL

Broker

$12B

vol

68 deals

Broker
GP
GO PartnersBuyer
SC
Solow Building CompanySeller

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.04%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93