Top 5 NYC Multifamily Building Sales—November 2025
A roundup of New York City’s largest deals for the sector, collected monthly by PropertyShark.
Sale Price: $85 million
HUBB NYC Properties has acquired the 105-unit residential building in Brooklyn’s Dumbo neighborhood from The Carlyle Group. The buyer also secured a $43.3 million from JLL Real Estate Capital.
The 12-story property came online in 2018 and features apartment units with an average size of 1,100 square feet. Additionally, it includes 1,490 square feet of retail space and 19,707 square feet of parking space.
The Carlyle Group has been the owner of the property since 2014, when it purchased the development site for $21.4 million. At the time, the development was helped with $72.5 million in construction funds from Bank Leumi, according to Commercial Observer.
Sale Price: $33.3 million
Permanent Mission of the Democratic Republic of the Congo to the United Nations has purchased the five-story multifamily property in Manhattan’s Tudor City neighborhood. Permanent Mission of the State of Qatar sold the property in an all-cash deal.
The building dates back to 1923 and includes 32 residential units with an average unit size of 375 square feet. The property also features 3,455 square feet of retail space and 21,421 square feet in unused air rights.
Sale Price: $32 million
An entity affiliated with Hiwin Group USA has acquired the 162-unit multifamily project from Jade Century Properties.
The two-building development in downtown Flushing, N.Y., has been in the works since 2016, when the previous owner filed plans for a 19-story hotel and two 20-story condominium buildings with 196 units each, according to Crain’s New York Business.
Sale Price: $21.9 million
New York City’s Department of Housing Preservation and Development has purchased the 151-unit residential property in Queen’s Rego Park neighborhood from an entity affiliated with LeFrak Organization. After the all-cash acquisition, the asset was added to a portfolio loan originated by Greystone.
The $114.5 million bridge loan is backed by a 753-unit multifamily portfolio. Funds were used for the acquisition of the properties and the rehabilitation strategy, spearheaded by Iris Holdings Group.
The six-story property includes an average unit size of 842 square feet and dates back to 1950.
Sale Price: $18.9 million
LeFrak sold another property in the same neighborhood of Queens to the same city agency. The 129-unit building is part of the State Preservation Portfolio and included in the financing package issued by Greystone.
The six-story building dates back to 1951 and includes 129 units with an average unit size of 939 square feet.
—Posted on December 29, 2025
