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2550 Quarry Lake Drive

Lee Rosenthal Of West Shore Acquires 674-Unit Multifamily Community In Columbus For $130.5M
SOLDMultiFamily

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:

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

Purvesh Gosalia

Newmark

Broker

$1.7B

vol

10 deals

Broker
Newmark
NewmarkBrokerage

Lee Rosenthal

West Shore

Buyer

$955.4M

vol

5 deals

Buyer
Citi Real Estate Funding
Citi Real Estate FundingLender

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