SOLD
Meyer Orbach & Josh Gotlib Acquire Multifamily Portfolio In Upper East Side For $825M
420 East 61st Street
MultiFamily
850 SF
850 SF
Sold 351 days ago
Summary
Sale
NEW YORK
MultiFamily
850 sqft
A multifamily property located at 420 East 61st Street, 1113 York Avenue, and 525 East 72nd Street in the Upper East Side has been sold for a total of $825,000,000. The property consists of 858 units, with an average price per unit of $962,000. The total square footage of the property is 850,000, with an average price per square foot of $970.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $825,000,000
- Units: 858
- Price Per Unit: $962,000
- Square Footage: 850,000
- Price Per Square Foot: $970
- Market: Upper East Side
The buyer of the property is Meyer Orbach and Josh Gotlib of Go Partners, while the seller is Stefan Solow. Representing the buyer in this transaction is David E. Ash from Walker & Dunlop. It is worth noting that this sale is part of a larger portfolio that also included the closing of 685 1st Ave earlier in the year.
Players
All
2
Agents
1
Agencies
1
Details
SOLD
IMAGE: Meyer Orbach & David E. Ash
DATE: 11/28/2022
ADDRESS: 420 East 61st Street, 1113 York Avenue & 525 East 72nd Street
MARKET: Upper East Side
ASSET TYPE: Multifamily
BUYER: Meyer Orbach (@Meyerorbach) & Josh Gotlib - Go Partners (@gopartnersdevelopment)
SELLER: Stefan Solow
BUYER'S REP: David E. Ash - Walker & Dunlop
SALE PRICE: $825,000,000
UNITS: 858 ~ PPU: $962,000
SF: 850,000 ~ PPSF: $970
NOTE FROM BROKER: David E. Ash (@thedavidash) at Walker Dunlop (via Prince Realty Advisors) acted as buyer Representative. This transaction was part of a larger portfolio that included 685 1st Ave which closed earlier in the year.View on map
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Address420 East 61st Street
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