Top 5 NYC Multifamily Building Sales—January 2026
PropertyShark collected New York City’s top deals for the multifamily sector.
Sale Price: $20.4 million
An entity affiliated with the New York subsidiary of Japan-based Sun Frontier has sold the 19-unit multifamily building to a private buyer. Sumitomo Mitsui Banking Corp. has issued a $6.4 million acquisition loan on behalf of the new ownership.
The six-story building in Gramercy Park dates back to 1910 and was last upgraded in 2011. It includes an average unit size of 731 square feet and 12,466 square feet in additional buildable space.
Sale Price: $18.8 million
Allied Realty & Development Corp. has purchased the six-story building in Greenwich Village from an entity related to Rudd Realty Management Corp. Citizens Bank provided a $12.2 million loan on behalf of the buyer.
The building includes 32 apartments with an average unit size of 526 square feet, as well as 1,200 square feet of ground-floor retail space.
Sale Price: $18 million
Flatiron Realty Capital has purchased a two-building multifamily portfolio totaling 39 units from a private seller. Derby Copeland Capital has originated $17.2 million in acquisition funds through three notes.
The portfolio includes the 22-unit building at 161 Prince St. and the 17-unit property at 159 Prince St. The SoHo properties are rising five stories each and include an average unit size of 378 square feet and 555 square feet, respectively. The duo dates back to 1900, with the most recent upgrades completed in 2014, and includes 1,365 square feet of retail space combined.
Sale Price: $17.8 million
New Empire Corp. has picked up a 33-unit, two-building multifamily portfolio from a private seller. Emerald Creek Capital originated a $24.7 million loan on behalf of the buyer.
The properties are a five-unit residential building at 567 Second Ave. and a 22-unit property at 247 E. 31st St. The assets are in the borough’s Kips Bay neighborhood and include a total of 16,061 square feet. Rising four stories each, the duo dates back to 1910 and includes an average apartment size of 574 square feet and 317 square feet, respectively.
Sale Price: $15 million
Cornerstone Group Real Estate Services has purchased the 110-unit multifamily building in Forest Hills, N.Y., from a private seller, that owned the property since 1967. JPMorgan Chase has provided a $10.5 million loan.
The six-story building dates back to 1941 and includes an average unit size of 1,090 square feet.
—Posted on Feb. 24, 2026
