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Amancio Ortega Acquires Multifamily Property In Financial District For $500M

19 Dutch Street
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This MultiFamily property located in NY was sold for $500,000,000 over 1 year ago. The brokers of the deal were Michael (Mike) Collins, Douglas (Doug) Harmon, Adam Spies, Adam Doneger, Marcella Fasulo, and Michael J Collins

Located at 19 Dutch Street in the Financial District, this multifamily property was recently sold in a closed transaction. The deal was finalized on July 14, 2022, with a sale price of $500,000,000. The property consists of 500 units, resulting in a price per unit of $1,000,000. With a total area of 330,000 square feet, the price per square foot amounts to $1,515.

Summary of Transaction Details

  • Property Type: Multifamily
  • Transaction Amount: $500,000,000
  • Units: 500
  • Price per Unit: $1,000,000
  • Square Footage: 330,000
  • Price per Square Foot: $1,515
  • Address: 19 Dutch Street, Financial District

The buyer of this property is Amancio Ortega, while the seller is Carmel Partners. The transaction was facilitated by brokers Doug Harmon, Adam Spies, Adam Doneger, Marcella Fasulo, and Mike Collins from Cushman & Wakefield.

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Deals
  • Location
    19 Dutch Street19 Dutch Street
  • Sale Price
    $500,000,000$500,000,000
    $1,515,151 PPSF$1,515,151 PPSF
  • Area
    330 SF330 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    6 Brokers, 2 Agencies6 Brokers, 2 Agencies

Agents

Michael (Mike) Collins

Michael (Mike) Collins

Deals4
Sold$1.2B

Marcella Fasulo

Marcella Fasulo

Deals45
Financed$10.9B

Douglas (Doug) Harmon

Douglas (Doug) Harmon

Deals80
Financed$22.4B

Adam Spies

Adam Spies

Deals146
Financed$30.2B

Adam Doneger

Adam Doneger

Deals93
Financed$20.9B

Agencies

Cushman & Wakefield

Cushman & Wakefield

Agency
Deals4190
Volume$167B

Newmark

Newmark

Agency
Deals3894
Volume$397.4B

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Deal Summary

SALE IMAGE: Adam Spies, Adam Doneger, Doug Harmon, Marcella Fasulo & Mike Collins DATE: 07/14/2022 ADDRESS: 19 Dutch Street MARKET: Financial District ASSET TYPE: Multifamily BUYER: Amancio Ortega SELLER: Carmel Partners BROKERS: Doug Harmon, Adam Spies, Adam Doneger (@ADoneger), Marcella Fasulo (@MMFasulo) & Mike Collins - Cushman & Wakefield (@CushWake) SALE PRICE: $500,000,000 UNITS: 500 ~ PPU: $1,000,000 SF: 330,000 ~ PPSF: $1,515

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19 Dutch Street

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