Meyer Orbach & Josh Gotlib Acquire Multifamily Portfolio In Upper East Side For $825M

A multifamily property located at 420 East 61st Street, 1113 York Avenue, and 525 East 72nd Street in the Upper East Side has been sold for a total of $825,000,000. The property consists of 858 units, with an average price per unit of $962,000. The total square footage of the property is 850,000, with an average price per square foot of $970.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $825,000,000
• Units: 858
• Price Per Unit: $962,000
• Square Footage: 850,000
• Price Per Square Foot: $970
• Market: Upper East Side

The buyer of the property is Meyer Orbach and Josh Gotlib of Go Partners, while the seller is Stefan Solow. Representing the buyer in this transaction is David E. Ash from Walker & Dunlop. It is worth noting that this sale is part of a larger portfolio that also included the closing of 685 1st Ave earlier in the year.