Trump Administration to Ditch 2M-SF Agriculture South Building in D.C.<\/a><\/p>\nGO Residential is a real estate investment trust with a large portfolio of New York City apartment towers. It is now under contract to acquire Ivy Tower, a 45-story residential complex at 350 West 43rd Street<\/b>, and the two residential towers on West 35th Street in Hudson Yards that hold a combined unit count of 304 units.\u00a0\u00a0<\/p>\n
Yahoo Finance first reported news of the sale.\u00a0<\/p>\n
Newmark<\/b>\u2019s Adam Spies, Doug Harmon, Adam Doneger <\/b>and Avery Silverstein<\/b> represented the sellers in the transaction. Newmark is now on the market looking for at least 50 percent leverage on the acquisition debt, according to a source.\u00a0<\/p>\n
GO Residential funded the acquisition through both cash and stock, per Yahoo Finance.\u00a0<\/p>\n
Ivy Tower opened in 2002 and holds 320 apartments across 45 floors, while 411 West 35th Street, known as the Lewis<\/b>, opened in 2018 and stands 12 stories with 186 units. 444 West 35th Street also opened in 2018, and is 12 stories high with 118 units.\u00a0<\/p>\n
GO Residential, Friedman Management, MADD Equities and Joy Construction did not respond to requests for comment.\u00a0<\/p>\n
Brian Pascus can be reached at bpascus@commercialobserver.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"A trio of New York City apartments is switching hands.\u00a0 Commercial Observer can first report that GO Residential…\n","protected":false},"author":3,"featured_media":616373,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[5122],"tags":[264226,264227,264228,264229,70462,5229,127981,127982,405,403,5226,5225,5228,5227,67,586,132,5230,68,2969],"class_list":["post-616372","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york","tag-350-west-43rd-street","tag-411-west-35th-street","tag-444-west-35th-street","tag-adam-doneger","tag-adam-spies","tag-america","tag-avery-silverstein","tag-doug-harmon","tag-new-york","tag-new-york-city","tag-newyork","tag-newyorkcity","tag-ny","tag-nyc","tag-united-states","tag-united-states-of-america","tag-unitedstates","tag-unitedstatesofamerica","tag-us","tag-usa"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/116134286967233575","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/616372","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=616372"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/616372\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/616373"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=616372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=616372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=616372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}