Newmark Facilitates Sale of 265 East 66th Street in Manhattan, New York City

Rhea-AI Summary

Newmark (Nasdaq: NMRK) said it represented GO Residential Real Estate Investment Trust in an off-market sale of a stake in 265 East 66th Street, a luxury multifamily high-rise on Manhattan's Upper East Side, on Jan. 20, 2026.

The transaction values the asset at approximately $1.35 million per unit, which Newmark reports is the third-highest price paid per unit in New York City since 2021 for buildings of 100 units or more. GO REIT will continue as property manager. The company noted the sale reinforces the perceived value of GO REIT's wider portfolio of more than 2,000 suites in newer vintage luxury high-rise properties in comparable NYC locations.

Positive

• Asset valued at $1.35M per unit
• Transaction ranks 3rd-highest per-unit price since 2021 for 100+ unit NYC buildings
• GO REIT retains property management role after sale
• Supports valuation of GO REIT portfolio with 2,000+ suites

Negative

• None.

News Market Reaction

-2.29%

1 alert

-2.29% News Effect

On the day this news was published, NMRK declined 2.29%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Asset valuation per unit: $1.35 million per unit NYC per-unit ranking: Third-highest price per-unit Building size threshold: 100 units or larger +1 more

4 metrics

Asset valuation per unit $1.35 million per unit Implied value for 265 East 66th Street in off-market transaction

NYC per-unit ranking Third-highest price per-unit Multifamily properties with 100+ units since 2021

Building size threshold 100 units or larger Category for NYC per-unit price ranking

GO REIT portfolio size More than 2,000 suites Newer-vintage luxury high-rise properties in comparable NYC locations

Market Reality Check

Price: $14.82 Vol: Volume 1,132,184 vs 20-da...

normal vol

$14.82 Last Close

Volume Volume 1,132,184 vs 20-day average 840,422 (relative volume 1.35x) shows elevated trading ahead of this news. normal

Technical Price $17.44 is above 200-day MA $15.16, but 12.07% below the 52-week high of $19.84.

Peers on Argus

While NMRK was down 0.46%, peers CWK, COMP, CIGI, FSV, and OPEN all showed posit...

While NMRK was down 0.46%, peers CWK, COMP, CIGI, FSV, and OPEN all showed positive moves (e.g., OPEN up 4.38%), indicating today’s softness was stock-specific rather than sector-driven.

Historical Context

5 past events · Latest: Jan 12 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 12	Industrial lease advisory	Positive	+0.9%	Secured 1.4M-square-foot lease for DrinkPAK at Bellwether District.
Jan 06	Portfolio sale advisory	Positive	+0.3%	Arranged $203M off-market sale of Mid-Atlantic industrial portfolio.
Dec 19	Sale-leaseback advisory	Positive	-1.2%	Advised Scholastic on $386M NYC HQ sale-leaseback transaction.
Dec 17	Refinancing advisory	Positive	+0.7%	Arranged $630M refinancing for 830 Brickell office tower in Miami.
Dec 15	Geographic expansion	Positive	+0.6%	Launched Korea flagship office in Seoul to expand APAC presence.

Pattern Detected

Recent transaction and expansion headlines have generally aligned with modestly positive price reactions, with only one notable divergence on favorable advisory news.

Recent Company History

Over the last five news events since Dec 15, 2025, Newmark has highlighted large advisory mandates, capital markets transactions, and international expansion. These include multimillion‑dollar industrial portfolio sales, major refinancings, and a sizeable industrial lease, plus a new Korea office launch. Most of these positives saw small gains within 24 hours, suggesting investors often responded constructively to execution-focused announcements, though the Scholastic sale‑leaseback on Dec 19, 2025 coincided with a mild decline.

Market Pulse Summary

This announcement highlights Newmark’s role in a marquee New York City multifamily deal, valuing 265...

Analysis

This announcement highlights Newmark’s role in a marquee New York City multifamily deal, valuing 265 East 66th Street at about $1.35 million per unit, one of the highest per‑unit prices for large NYC properties since 2021. It reinforces the firm’s presence in luxury high‑rise transactions and underscores ongoing institutional interest in this segment. Observers may watch for additional large mandates, portfolio-wide activity across GO REIT’s 2,000+ suites, and how overall transaction volumes trend in New York’s multifamily market.

Key Terms

real estate investment trust, multifamily, off-market transaction

3 terms

real estate investment trust financial

"GO Residential Real Estate Investment Trust (GO REIT) in the sale of a significant"

A real estate investment trust (REIT) is a company that owns and manages income-producing properties—like apartment buildings, shopping centers, offices, or warehouses—and is required to pass most of its rental income to shareholders as dividends. Think of it as a shared property owner: instead of buying a whole building, investors buy a slice of a portfolio that pays regular income and can offer exposure to property values and rental markets without direct management. REITs matter to investors for predictable income, diversification, and liquidity compared with owning physical real estate.

multifamily financial

"a luxury high-rise multifamily property located in Manhattan's Upper East Side."

Multifamily describes residential properties that contain multiple separate living units under one ownership, such as apartment buildings, duplexes, triplexes or condo complexes. Investors care because a single property can produce income from many tenants at once, smoothing cash flow much like a small rental fleet rather than one standalone house, and offering scale benefits, diversified tenant risk, and sensitivity to rental market trends that affect returns and asset value.

off-market transaction financial

"arranged the off-market transaction, which values the asset at approximately"

An off-market transaction is a trade of shares or other securities carried out directly between parties or through private channels rather than on a public exchange. Like selling a car privately instead of at an auction, these deals can happen at negotiated prices and often involve large blocks, transfers or placements; investors care because off-market trades can affect liquidity, signal insider or strategic moves, and may not be immediately visible in public price records.

AI-generated analysis. Not financial advice.

Sale Marks Third-Highest Price Paid Per-Unit in NYC Since 2021¹ for Buildings 100 Units or larger

NEW YORK, Jan. 20, 2026 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark"), a leading commercial real estate advisor and service provider to global corporations, institutional investors, and owners and occupiers, announces the Company has represented GO Residential Real Estate Investment Trust (GO REIT) in the sale of a significant stake in 265 East 66th Street, a luxury high-rise multifamily property located in Manhattan's Upper East Side. Newmark Co-Head of U.S. Capital Markets Adam Spies and Executive Vice Chairman Adam Doneger arranged the off-market transaction, which values the asset at approximately $1.35 million per unit, the third-highest rate paid for a multifamily property of 100 units or more over the past five years¹.

265 East 66th Street, constructed in the 1980s and managed by a subsidiary of GO REIT, is emblematic of the luxury high-rise segment that continues to attract institutional capital. Following the transaction, GO REIT will maintain its role as property manager.

The sale further affirms the underlying value of GO REIT's broader portfolio, which includes more than 2,000 suites in newer-vintage luxury high-rise properties across comparable New York City locations.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended September 30, 2025, Newmark generated revenues of over $3.1 billion. As of September 30, 2025, Newmark and its business partners together operated from approximately 170 offices with over 8,500 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company's business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark's Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.

¹ Newmark Research analysis of Real Capital Analytics data

View original content to download multimedia:https://www.prnewswire.com/news-releases/newmark-facilitates-sale-of-265-east-66th-street-in-manhattan-new-york-city-302665640.html

SOURCE Newmark Group, Inc.

FAQ

What did Newmark announce about 265 East 66th Street on Jan. 20, 2026 for NMRK?

Newmark said it represented GO REIT in an off-market sale valuing the asset at about $1.35 million per unit.

How significant is the $1.35M per-unit price for 265 East 66th Street compared to NYC sales?

The per-unit price was described as the third-highest paid since 2021 for multifamily buildings with 100 units or more in NYC.

Will GO REIT continue managing 265 East 66th Street after the sale mentioned by NMRK?

Yes. GO REIT will remain the property manager following the transaction.

What does the sale imply for GO REIT's broader portfolio referenced in the Newmark announcement?

The company said the sale affirms underlying value across GO REIT's portfolio, which includes more than 2,000 suites in comparable NYC luxury high-rise properties.

Who at Newmark arranged the 265 East 66th Street transaction reported on Jan. 20, 2026?

The transaction was arranged by Newmark Co-Head of U.S. Capital Markets Adam Spies and Executive Vice Chairman Adam Doneger.