Multifamily news in New York

Queens Nursing Facilities Land $54M Refi
With a total of 576 units, both properties are part of the SentosaCare network. Greystone provided the HUD-insured mortgage loans for the two highly specialized assets.
Senior Housing
Brooklyn Luxury Condo Sets Sales Record
The 14-unit 868 Lorimer On The Park is 50 percent sold within three months of The Serhant Team launching sales. The property also includes Greenpoint neighborhood‘s most expensive condo sale.
Slideshow
LeFrak Completes $70M Reno of Queens Community
The firm's five-year capital improvement program has come to an end, bringing the 4,600-unit, 20-building LeFrak City community to a new level with a series of infrastructure and amenity upgrades.
Slideshow

  • Breaking Ground Opens 1st Affordable Community

    Designed by COOKFOX Architects, Park House is an $86 million, 248-unit project in the Bronx, built to accommodate low- and very low-income families.

    06 October 2017 15:07

  • JV Lands $215M for NYC Condos

    Cape Advisors, Strategic Real Estate and Forum Absolute Capital Partners scored financing from Eastern Consolidated's Capital Advisory Division for the development in Manhattan's Special Hudson Square Zoning District.

    06 October 2017 14:40

  • SG Blocks to Develop Largest Projects in Company History

    The developer of container-based structures plains to build two low-income housing projects totaling 390,000 square feet in New York State. Both multistory buildings will be fully modular.

    05 October 2017 14:59

  • Emerald Equity Lands $129M for Bronx Portfolio

    Sabal Capital Partners closed on 34 Freddie Mac Small Business Loans on behalf of Emerald. Comprising more than 850 units, this marks the largest Small Balance Loan transaction through the Freddie Mac SBL program since it was created in 2014.

    05 October 2017 14:11

  • CIM Sells Manhattan Luxury Tower for $80M

    A joint venture purchased the 110-unit Madison Park Tower, a onetime hotel, using a $65 million acquisition loan from affiliates of Square Mile Capital Management.

    04 October 2017 16:13

  • Castle Lanterra Taps New COO

    Edmund Hannon brings more than 30 years of experience to his position, having previously served in various executive roles at Quest Global Advisors and Stamos Capital Partners.

    03 October 2017 20:13

  • 125 Greenwich Hits the Market

    Rafael Viñoly and March & White are delivering the design plans for Bizzi & Partners Development’s upcoming 88-story luxury condominium skyscraper in Manhattan.

    02 October 2017 14:47

  • Madison Adds Director of Investments

    Kyle Torpey brings extensive experience in the real estate investment sector. In his new role, he will be responsible for company transactions in both the U.S. and global markets.

    02 October 2017 08:00

  • Top 5 NYC Multifamily Sales

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

    30 September 2017 13:55

  • Top 10 Manhattan Apartment Owners

    Although rent increases in New York City have slowed down, demand continues to be high and investors still consider the borough a red-hot market. MHN has compiled a list of Manhattan’s top owners based on data from Yardi Matrix.

    28 September 2017 12:57

  • Peak Campus Launches Theory Brand

    The company is introducing its brand at two new student housing developments in Raleigh, N.C., and Syracuse, N.Y. Theory Raleigh and Theory Syracuse are slated for completion by the fall of 2018 and will feature a combined 1,126 beds.

    25 September 2017 14:42

  • Sales Start for NJ Luxury Waterfront Condos

    The two-building Park and Shore is Strategic Capital’s first Jersey City development and the Newport neighborhood's first condominium project in the last eight years.

    20 September 2017 15:58

  • Jamestown Nabs $145M for Manhattan Apartments

    Capital One provided the loan for 88 Leonard St., a 21-story, 352-unit luxury building located in Manhattan’s Tribeca neighborhood.

    12 September 2017 16:12

  • 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.

    07 September 2017 15:43

  • DMG Investments Tops Out on NJ Luxury Condo Asset

    While completion of the 204-unit One Park in Cliffside Park, N.J., is scheduled for fall 2018, Halstead Property Development Marketing recently opened an onsite sales gallery.

    06 September 2017 13:50