Cactus Holdings partners with 101 Holdings and Metro Holdings & Development on Acquisition of 725 Amsterdam Ave.
December 13, 2018
On Wednesday, December 12th, Cactus Holdings announced it had closed on the acquisition of 725 Amsterdam Ave., a 28-story commercial condo in Manhattan's Upper West Side, which was first reported by The Real Deal. The deal included multiple partners in Michael Ashkenazy's 101 Holdings and Anthony Brannan's Metro Holdings & Development. The property totaled for $19 million at the close of the deal. Plans for the location have yet to be released. The partnership with 101 Holdings comes after a previous partnership on three Bronx commercial properties in January 2018 for $18 million and after Cactus Holdings recently announced a partnership with Brannan's Metro Holdings & Development in November.