Lee Bloch And Eric Weiss Of Carmel Partners Acquire Upper West Side Multifamily Portfolio For $500M

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.