Lee Rosenthal Of West Shore Acquires 674-Unit Multifamily Community In Columbus For $130.5M
2550 Quarry Lake Drive
$130,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 25, 2025
AI
The Quarry is a multifamily apartment community located at 2550 Quarry Lake Drive in Columbus, OH. The property consists of 674 units and was sold for a transaction amount of $130,500,000, resulting in a price per unit of $193,620.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $130,500,000
- Units: 674
- Price Per Unit: $193,620
- Buyer: Lee Rosenthal - West Shore
- Brokers: Purvesh Gosalia & Hayden Hedrick - Newmark
- Lender: Citi Real Estate Funding
West Shore acquired The Quarry as part of a larger $600 million loan package tied to an eight-property, 3,241-unit portfolio. Newmark’s Purvesh Gosalia and Hayden Hedrick acted as the representatives for the buyer in this significant transaction, which ranks among the largest U.S. multifamily deals of 2025.
Players
Columbus 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
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93