GO Partners Acquires Multifamily Portfolio In Upper East Side / Murray Hill For $1.6B

The multifamily properties located at 685 1st Ave, 525 E 72nd St, 420 E 61st St, 1113 York Ave, and 265 E 66th St in the Upper East Side and Murray Hill market have been sold in a closed transaction. The buyer, GO Partners, acquired these properties from the seller, Solow Building Company. The sale price for this transaction was $1,632,000,000. The total number of units across all properties was 1,587, with an average price per unit of $1,028,355. The total square footage of the properties amounted to 1,670,683, with an average price per square foot of $977.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $1,632,000,000
• Units: 1,587
• Price per Unit: $1,028,355
• Square Footage: 1,670,683
• Price per Square Foot: $977
• Market: Upper East Side / Murray Hill

Represented by JLL brokers Rob Hinckley, Jeffrey Julien, Steven Rutman, Scott Panzer, Andrew Scandalios, and John Taylor, the deal was facilitated between GO Partners and Solow Building Company. The involvement of these individuals and companies contributed to the successful completion of the transaction.