GO Residential REIT Acquires Multifamily Asset At 7 Dey Street From SL Green For $222.6M
7 Dey Street
$222,600,000
$856/SF
Building Size
260,000 SF
Asset Type
MultiFamily
Closing
May 21, 2026
AI
The property involved in this transaction is a multifamily asset located at 7 Dey Street in the Financial District of Manhattan. It encompasses 209 units across a total square footage of 156,795, with a sale price of $222,600,000. The price per unit stands at $1,065,071, while the price per square foot is $1,420.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $222,600,000
- Address: 7 Dey Street
- Market: Financial District, Manhattan
- Units: 209
- Price Per Unit: $1,065,071
- Square Footage: 156,795
- Price Per Square Foot: $1,420
- Buyer: GO Residential REIT
- Seller: SL Green
- Broker Representatives: Rob Hinckley, Jeffrey Julien, Drew Isaacson & Steven Rutman - JLL
This transaction was facilitated by the brokerage team from JLL, including Rob Hinckley, Jeffrey Julien, Drew Isaacson, and Steven Rutman. They represented the seller, SL Green, in this multifamily property sale, successfully concluding the deal on May 22, 2026.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93