850-Unit Upper East Side Residential Portfolio Trades for $850M

GO Partners, a joint venture between investors Meyer Orbach and Josh Gotlib have closed on the $850 million acquisition of a 3-building residential rental portfolio. Developed by the late Sheldon Solow, the 850-unit Upper East Side package includes One Sutton Place North at 420 East 61st Street, Two Sutton Place North at 1113 York Avenue, and One East River Place at 525 East 72nd Street. News of the deal comes about two months following the roughly $390 million purchase of the Solow Building Company’s 408-unit residential component at 685 First Avenue, which “leaves another two buildings worth roughly $560 million in the pipeline” for a combined total of about $1.75 billion — making the deal one of the largest multifamily sales of the pandemic.

Source:    https://therealdeal.com/2022/11/28/meyer-orbach-josh-gotlib-close-on-850m-of-solow-apartments/