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7 Dey Street

GO Residential REIT Acquires Multifamily Asset At 7 Dey Street From SL Green For $222.6M
SOLDMultiFamily

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

Jeffrey Julien

JLL

Broker

$9B

vol

58 deals

Broker
GR
GO Residential REITBuyer

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