Meyer Orbach Of GO Residential REIT Acquires Multifamily And Retail Assets For $439.6M

The transaction involves the acquisition of 7 Dey Street in Manhattan and an approximately 81% stake in 409 Eastern Parkway in Brooklyn, categorized under multifamily and retail asset types. The total sale price for the transaction amounts to $439,600,000.

Summary of transaction details:

• Property Type: Multifamily & Retail
• Transaction Amount: $439,600,000
• Buyer: Meyer Orbach
• Buyer Company: GO Residential REIT
• Market: Manhattan & Brooklyn
• Closing Expected: Q2 2026

GO Residential REIT, led by Meyer Orbach, agreed to fund the acquisition through a combination of debt, cash, and equity, with the deal pending necessary approvals before closing.