Olnick Organization pays $106.4M to family of late real estate investor Charles Goldner for multifamily property in the Upper West Side

The Olnick Organization through the entity Roc-West 77th Street Associates, LLC paid the family of late real estate investor Charles Goldner’s Ctic 201 LLC $106.4 million for 360 Amsterdam Avenue in the Upper West Side. The deal closed on November 18, 2019, and was recorded on November 22, 2019. The transaction consists of 1 parcel, including the tax class multifamily, fireproof – with stores (D6) and containing 127 residential units. The property is 131,476 square feet.
The sale price per unit is $837,795..
The estimated cap rate is 5.0%
The sale was executed as the transfer of two 50 percent tenant-in-common stakes in the property. CBRE’s Darcy Stacom, Bill Shanahan, David Fowler and Ryan Silber represented the seller.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

Share this article