SOLDSingle Family
Brendan Blumer's Entity Acquires 19,600 Sq Ft Townhouse At 48-50 West 69th Street For $45M
48-50 West 69th Street
$45,000,000
$2,295/SF
Building Size
19,600 SF
Asset Type
Single Family
Closing
Aug 10, 2026
AI
The property asset involved in this transaction is a single-family townhouse located at 48-50 West 69th Street in the Upper West Side market. The sale price was $45,000,000, and the townhouse boasts a substantial square footage of 19,600, with a price per square foot of $2,296.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $45,000,000
- Address: 48-50 West 69th Street
- Market: Upper West Side
- Square Footage: 19,600
- Price per Square Foot: $2,296
- Buyer: MI 8787
- Seller: Pierre Bastid & Malou Beauvoir
- Buyer's Representative: Margaret Wu - Compass
- Seller's Representatives: Jim St. André, Trevor Stephens & Michael Maniawski - Compass
An entity associated with Block.one CEO Brendan Blumer completed the purchase, marking a record for the Upper West Side despite a nearly 50% discount from the initial asking price of $85 million.
Players
New York Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93