Deals - New York

Manhattan Sale Prices Drop: CityRealty Report
The study found that the average cost in the New York City borough continues to drop, but downtown is still thriving when it comes to condo, co-op and new development purchases.
Luxury
Manhattan Community Trades for $61M
The 117-unit apartment building is situated in the Gramercy Park neighborhood, while residents benefit from easy access to multiple public transportation options.
Market Rate
Northern NJ Community Trades for $41M
Gebroe-Hammer Associates represented both parties in the sale of Crest Ridge Apartments, a 178-unit, garden apartment community located in West Orange, N.J.
Slideshow

  • WinnCos. Eyes $19M Rehab for NJ Affordable Community

    The firm plans to make significant interior and exterior upgrades to the newly acquired Bridgeton Villas Apartments, a 156-unit community in Bridgeton, N.J.

    03 August 2017 15:26

  • Affordable NJ Community Changes Hands

    The new owner acquired Berkeley Terrace for a price tag of $12.2 million and plans to invest in extensive renovations. The project is slated for completion by August 2018.

    31 July 2017 10:36

  • Rosewood Closes $83M Queens Sale

    President Aaron Jungreis represented both the seller and the buyer in the exchange of the 343-unit portfolio. The seven buildings were constructed between 1913 and 1941.

    19 July 2017 15:18

  • NJ Community Changes Hands in $73M Deal

    The Addison at Princeton Meadows was built in 1981 and offers studios and one- and two-bedroom units. It was purchased free and clear of existing debt.

    18 July 2017 11:51

  • Sentinel Sells 122-Unit Brooklyn Community

    The property, which traded for $33 million, is located in the northern part of the borough’s Kensington neighborhood and includes studios, as well as one- and two-bedroom apartments.

    05 July 2017 11:12

  • Shorenstein Nabs Manhattan Luxury Community for $57M

    HFF brokered the sale and arranged $31 million in financing for the 54-unit, recently renovated apartment building located in Manhattan’s East Village neighborhood.

    26 June 2017 15:01

  • NJ Community Sells for $27M

    A joint venture of C6 Real Estate Partners and Citymark Capital acquired the newly built, 100-unit River Edge at Garfield, which comprises one- and two-bedroom apartments ranging from 834 to 1,217 square feet.

    21 June 2017 19:39

  • Manhattan Valley Portfolio Sells for $52M

    Eastern Consolidated recently brokered the sale of a four-building multifamily portfolio comprising 100 apartments located at 60-68 W. 107th St., on New York City’s Upper West Side.

    15 May 2017 14:17

  • Brooklyn Development Site Sells for $2M

    EPIC Commercial Realty represented both parties in the sale of 2203 Clarendon Road, a 0.14-acre vacant residential lot in Brooklyn’s Flatbush neighborhood.

    11 May 2017 14:29

  • Queens Apartment Building Up for Grabs

    Cushman & Wakefield was chosen to market the sale of a fully occupied, 17-unit residential building in New York City’s most populated borough. The asset presents substantial upside potential.

    03 May 2017 13:32

  • Greystone Closes $82M in Refinance, Acquisition Loans

    The company secured two financing agreements under the Fannie Mae DUS Small Loan program for four multifamily properties in Long Island and Queens.

    02 May 2017 15:12

  • Xin Lands $108M Loan for Manhattan Condo Project

    The seven-story project will offer 82 units and 36,053 square feet of retail on the former site of a gas station and convenience store.

    30 March 2017 14:54

  • HFF Secures $33M Financing for NJ Development

    The first phase of University Place will feature 163-units, 10,000 square feet of ground-floor retail and 20,000 square feet of common amenity space.

    27 March 2017 13:14

  • JV Nabs NJ Community for $70M

    Summit Hill is the latest of three garden apartment acquisitions in the state by KRE Group.

    24 March 2017 14:52

  • Abro Secures 2 Brooklyn Assets for $47M

    Hudson Cos. acquired the property in March 2014 with a value-add strategy of completing capital projects.

    22 March 2017 16:16