Multifamily news in New York

  • Partnership Opens $10M Affordable Community in NY

    Built on the site of a former fabric store in Rockland County, N.Y., Nyack Point Apartments features 33 units. The building is LEED certified to the Gold level.

    17 January 2018 20:23
  • JV Restructures Partnership for Brooklyn Redevelopment

    Greenland USA and Forest City Realty Trust reached an agreement to extend Greenland's ownership interest to 95 from 70 percent and decrease Forest City's interest to 5 from 30 percent for its Pacific Park Brooklyn mixed-use project.

    16 January 2018 18:15
  • Berkadia Secures $40M Refi for NJ Community

    The 752-unit Brookchester Apartments is a garden-style community in New Milford, N.J., located 20 minutes from New York City.

    15 January 2018 14:50
  • Manhattan Conversion Project Lands $130M

    Eastern Consolidated arranged the construction loan on behalf of Delshah Capital for its adaptive reuse project, which will transform a medical facility into a luxury community in Morningside Heights.

    12 January 2018 17:31
  • AMAC Lands Manhattan Property for $59M

    The company plans to make upgrades to the mixed-use community, which includes 83 units and seven retail spaces.

    11 January 2018 18:09
  • Luxury Boutique Manhattan Property Lands $50M

    Aview Equities' 23-unit community underwent a multimillion-dollar revitalization in 2013, including complete renovation of the residential units, the repositioning of the retail space and upgrades to the common areas and building systems.

    05 January 2018 13:49
  • $53M Earmarked for Bronx Senior Housing Renovations

    A joint venture is refinancing Fort Schuyler House, a 138-unit development. Plans call for $15.5 million in capital repairs, and the property will preserve affordability for its residents.

    04 January 2018 16:17
  • Home Leasing to Inject $48M in Albany Affordable Housing

    The company will rehabilitate more than 200 units. Guided by the State Historic Preservation Office, the remodeling of the properties will utilize historic tax credits.

    03 January 2018 15:57
  • Brooklyn Community Lands $92M

    Greystone Bassuk arranged the 10-year permanent loan with Union Bank on behalf of The Hudson Cos. for The Parkline, a 254-unit building located in Prospect Lefferts Gardens.

    03 January 2018 15:55
  • HFF Arranges NY Student Housing Sale

    An HFF team including Jose Cruz, Andrew Scandalios, Kevin O’Hearn, Michael Oliver, Stephen Simonelli, Jordan Avanzato and Ryan McBride represented the seller in the transaction.

    03 January 2018 15:36
  • World’s Tallest Residential Building Nabs $1.1B Financing

    Upon its completion in 2020, Extell Development Co.'s Central Park Tower will be one of the supertall structures located along the luxurious Billionaires’ Row in Manhattan.

    03 January 2018 15:04
  • Top 5 NYC Multifamily Sales

    PropertyShark compiled the top 5 multifamily sales for November 2017 in New York City.

    30 December 2017 13:01
  • Mortar Arch + Dev Nabs Brooklyn Development Site

    The developer plans to begin work on a new, five-story condo development at the Greenpoint site, beginning in the winter of 2018.

    21 December 2017 14:01
  • Heartstone Development JV Opens NJ Community

    Hidden Village in Aberdeen, N.J., features 200 rental units and a number of amenities, including a swimming pool, private garages for most units and a clubhouse.

    19 December 2017 15:04
  • Long Island Apartments Sell for $8M

    Cushman & Wakefield represented the seller of three-story property, which was was built in 1959 and is located within walking distance of public transportation and retail options.

    18 December 2017 15:31