Black Spruce Management Acquires Multifamily Asset In Murray Hill For $850M
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This MultiFamily property located in NY was sold for $850,000,000 over 2 years ago. The brokers of the deal were Marcella Fasulo, Douglas (Doug) Harmon, Adam Spies, Michael J Collins, and Adam Doneger
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- Location626 1st Avenue
- Sale Price$850,000,000$921 PPSF
- Area922,780 SF
- Asset TypeMultiFamily
- Parties5 Brokers, 2 Agencies
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Deal Summary
SALE - IN CONTRACT
IMAGE: Adam Spies, Doug Harmon, Michael Stern, Adam Doneger, Marcella Fasulo & Michael Collins
DATE: 12/2021
ADDRESS: 626 1st Avenue
MARKET: Murray Hill
ASSET TYPE: Multifamily ~ ZONING: C4-6
BUYER: Black Spruce Management
SELLER: Michael Stern - @JDSDevelopmentGroup & Baupost Group
BROKERS: Doug Harmon, Adam Spies, Adam Doneger (@ADoneger), Marcella Fasulo (@MMFasulo) & Michael Collins - Cushman & Wakefield (@CushWake)
SALE PRICE: $850,000,000
SF: 922,780 ~ PPSF: $921
UNITS: 760 ~ PPU: $1,118,421
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626 1st Avenue
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