Black Spruce, Orbach strike NYC’s biggest multifamily deal of pandemic – Robert Khodadadian

Rising interest rates and a looming recession weren’t enough to deter Josh Gotlib’s Black Spruce Management from the city’s biggest multifamily deal since the start of the pandemic. Black Spruce and Orbach Affordable Housing Solutions have agreed to buy a six-building Upper East Side apartment portfolio for $1.75 billion, the Wall Street Journal reported. The buildings, which were not identified apart from 1 East River Place on East 72nd Street, comprise approximately 1,700 units, meaning

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Commercial Real Estate, Home Page, Black Spruce Management, Multifamily Market, orbach group, Rental Market, Sheldon Solow, upper east side The Real Deal New York Read More