Goldman Sachs Affiliate Acquires 253-Unit Multifamily Property In Arlington For $142.3M

A Goldman Sachs affiliate acquired The Milton, a 253-unit apartment building located at 1446 South Grant Street, Arlington, VA, for $142.3 million, which translates to $562,451 per unit. The property is classified as a luxury multifamily asset and was constructed in 2022, situated near Amazon’s Metropolitan Park.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $142,300,000
• Unit Count: 253
• Price Per Unit: $562,451
• Buyer: Affiliate of Goldman Sachs
• Seller: Conor Flynn - Kimco Realty Corporation
• Financing Amount: $78,500,000
• Financing Institution: New York State Teachers' Retirement System

This transaction involved Conor Flynn representing Kimco Realty Corporation as the seller in this deal, showcasing significant investment activity in the Arlington multifamily market.