GO Partners And RXR Acquire Sutton Place North And One East River Place For $825M

The recent sale transaction involves the properties located at 420 E 61st St. (One Sutton Place North), 1113 York Ave. (Two Sutton Place North), and 525 E 72nd St. (One East River Place) in the Upper East Side of New York City. These properties fall under the category of multifamily assets.

Summary of transaction details

• Property Type: Multifamily
• Sale Price: $825,000,000
• Units: 850
• Price Per Unit (PPU): $970,588
• Date: 11/28/2022
• Market: Upper East Side
• Buyer: GO Partners - Josh Gotlib and Meyer Orbach; RXR - Scott Rechler and Russ Young
• Seller: Sheldon Solow
• Brokers: Adam Spies, Adam Doneger, Doug Harmon, and Marcella Fasulo - Cushman & Wakefield

The buyer includes GO Partners represented by Josh Gotlib and Meyer Orbach, as well as RXR represented by Scott Rechler and Russ Young. The seller in this transaction is Sheldon Solow. The brokers involved in this deal were Adam Spies, Adam Doneger, Doug Harmon, and Marcella Fasulo from Cushman & Wakefield.