Top 5 NYC Multifamily Building Sales—June 2025
A roundup of recent major transactions put together by PropertyShark.
Sale Price: $69 million
An entity related to Jay Group sold the 154,888-square-foot residential building to the nonprofit Institute for Community Living. The buyer secured a $94.3 million loan from UMB Bank.
The building rises 10 stories and came online in 2023. It includes 183 residential units with an average unit size of 759 square feet, 5,923 square feet of retail space and a 10,750-square-foot garage area.
Sale Price: $20.4 million
A private investor picked up the multifamily property in East Village from RYCO Capital. The transaction occurred less than a year after RYCO Capital became the owner of the building. The buyer landed $15.3 million in financing from Derby Copeland Capital.
The apartment building encompasses 25,340 square feet across seven stories. Built in 1920, it includes 24 units with an average size of 905 square feet, as well as 3,620 square feet of retail space.
Sale Price: $18.2 million
Anthos Properties purchased the 91,000-square-foot apartment building in Jackson Heights, N.Y., from The Domain Cos. The buyer also assumed a $11.5 million loan initially issued in 2019 by JPMorgan Chase.
The Class A property rises six stories and dates back to 1939. It includes 96 apartment units with an average size of 948 square feet.
Sale Price: $13.5 million
The 8,406-square-foot property at 43 W. 86th St. and the 8,467-square-foot property and 45 W. 86th St. were acquired by Bard College from a private seller. The buyer picked up the pair of assets on behalf of its Bard Graduate Center, located across from the properties.
The pair of four-story buildings are on the Upper West Side area of the borough and date back to 1905 and 1910. Both properties total 20 residential units with an average size of 841 square feet and 941 square feet, respectively. Additionally, the duo includes a total of 33,426 square feet of unused air rights.
Sale Price: $13.5 million
An entity affiliated with Smart Management acquired the five-story residential building in Prospect Heights from a private seller. Amalgamated Bank issued a $8.8 million acquisition loan through an amended note on behalf of the buyer.
The 27,125-square-foot building came online in 2005. It includes 24 apartment units with an average unit size of 1,130 square feet. The property’s construction was stalled for almost a decade until, in 2011, it was sold to All Year Management, according to Crain’s New York Business. The former faced foreclosure on the property earlier this year and it is unclear if the units are currently leased.
—Posted on July 28, 2025
