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

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

• Property Type: MultiFamily
• Transaction Amount: $419,500,000
• Units: 321
• Price per Unit: $1,306,854
• Square Footage: 424,922
• Price per Square Foot: $987
• Date: 04/20/2023
• Buyer: GO Partners
• Seller: Solow Building Company
• Brokers: Rob Hinckley, Jeffrey Julien, Steven Rutman, Scott Panzer, Andrew Scandalios & John Taylor - JLL

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.