Lee Bloch And Eric Weiss Of Carmel Partners Acquire Upper West Side Multifamily Portfolio For $500M
775 Columbus Avenue
$500,000,000
$1,016/SF
Building Size
491,929 SF
Asset Type
MultiFamily
Closing
Feb 12, 2026
AI
The transaction involved a portfolio of multifamily assets located at 775 Columbus Avenue, 795 Columbus Avenue, 801 Amsterdam Ave, 805 Columbus Avenue, and 808 Columbus Avenue in the Upper West Side market. The properties were sold for $500,000,000, encompassing a total square footage of 491,929, which translates to a price per square foot of $1,016.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $500,000,000
- Square Footage: 491,929
- Price per Square Foot: $1,016
- Buyer: Lee Bloch & Eric Weiss - Carmel Partners
- Seller: Sara Queen - MetLife & Andrew Cantor - UDR
- Brokers: Adam Spies, Douglas Harmon, Marcella Fasulo, Adam Doneger, Joshua King, Avery Silverstein & Michael Collins - Newmark
Key individuals involved in this transaction include Lee Bloch and Eric Weiss representing Carmel Partners as the buyers. The sellers of the portfolio are Sara Queen from MetLife and Andrew Cantor from UDR. The brokerage team from Newmark facilitated the deal, comprising Adam Spies, Douglas Harmon, Marcella Fasulo, Adam Doneger, Joshua King, Avery Silverstein, and Michael Collins.
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
0.03%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93