Jonathan Rose Cos. Acquires The Caroline Apartments In Inwood For $53 Million From RelatedCos

The property asset involved in this transaction is The Caroline Apartments, a 126-unit affordable housing building located at 60 West 23rd Street in Inwood, Upper Manhattan. The transaction was completed for a sale price of $53 million, resulting in a price per unit of $420,635.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $53,000,000
• Units: 126
• Price Per Unit: $420,635
• Buyer: Jonathan Rose - Jonathan Rose Cos.
• Seller: Jeff T. Blau - RelatedCos
• Market: Inwood, Upper Manhattan

This transaction involved key individuals, notably Jonathan Rose from Jonathan Rose Cos., the acquiring party, and Jeff T. Blau from RelatedCos, the selling party. Jonathan Rose Cos. has made a significant investment in affordable housing through this acquisition.