Multifamily news in New York
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Harbor Group Buys Brooklyn Community for $117M
The 193-unit rental property, named The Frederick, was built in 2017 and is located in the popular Crown Heights neighborhood.
11 July 2019 14:30 -
Brooklyn Multifamily Report – Summer 2019
The borough's apartment supply and demand remained in relative balance amid New York City's new rent regulations.
10 July 2019 11:57 -
Related Cos. Sells Affordable South Bronx Community
Prana Investments purchased the 252-unit River Court and Gerard Court. Hodges Ward Elliott’s Daniel Parker, Paul Gillen and Ariel Tambor acted on behalf of the seller.
09 July 2019 12:16 -
Strategic Capital Scores $70M Loan for NY Tower
NKF arranged the financing on behalf of the Chinese-backed developer. The 213-unit luxury community in Yonkers, River Club at Hudson Park, is currently being leased.
05 July 2019 13:20 -
NY Student Housing Asset Changes Hands
The community serves students attending Binghamton University and includes units raging from one- to six-bedrooms. Vesper Holdings acquired the asset.
03 July 2019 17:56 -
Brooklyn Mixed-Income Tower Lands $178M Loan
Completed in 2018, the 26-story community received the new financing through the New York State Housing Finance Agency’s 80/20 Housing Program. Rose Associates and Benenson Capital Partners are the developers.
03 July 2019 14:03 -
Queens Multifamily Report – Summer 2019
The borough's rents increased just 0.6 percent year-over-year through April, partially due to New York City's pressing affordability issues and regulatory uncertainty.
02 July 2019 13:21 -
Bronx Mixed-Use Development Receives $140M Financing
S3 Capital Partners has supplied construction capital for two 25-story towers that will offer a combination of apartments, hotel rooms and retail space in South Bronx’s Mott Haven enclave.
28 June 2019 13:35 -
Affordable Project for LGBTQ Seniors to Rise in NYC
Haven Green, a 123-unit community in Little Italy, was approved by the city council after a battle over the fate of the development site, which is currently a one-acre park.
28 June 2019 12:32 -
Upgrades Ahead for 16 Manhattan Public Housing Properties
A six-way joint venture will renovate the communities, which are owned by the New York City Housing Authority and home to some 2,900 residents.
26 June 2019 13:32 -
Manhattan Multifamily Report – Summer 2019
Manhattan’s multifamily market is powering through, bracing for sustained development amid regulatory uncertainties and already deep affordability issues.
26 June 2019 12:32 -
Berkadia Secures $104M Loan for NYC Skilled Nursing Facility
Managing Director Richard Price and Senior Director Gemma Geldmacher secured the financing for Workmen’s Circle Multicare Center in the Bronx.
25 June 2019 16:12 -
Loft Apartment Building Sells for $61M in NYC
Meadow Partners sold the market-rate rental property in Brooklyn's Williamsburg neighborhood. Hodges Ward Elliott arranged the sale of the former industrial asset.
24 June 2019 14:06 -
$72M Affordable Project Launched in Brooklyn
The Institute for Community Living is building the 128-unit community, which will include 78 apartments reserved for the formerly homeless.
24 June 2019 13:49 -
Top 5 NYC Multifamily Sales
PropertyShark compiled the top 5 multifamily sales recorded in May 2019 in New York City.
21 June 2019 14:55