Multifamily news in New York

On the Market: 5 Interesting Listings for the Week of 8/17
This week's list of properties includes a high-end community in Oakland, Calif.; a vintage asset in the Detroit metro area; and an under-construction mid-rise in Jamaica, N.Y.
Market Rate
Top 5 NYC Multifamily Sales
PropertyShark compiled the top 5 multifamily sales for July 2018 in New York City.
Brooklyn Tower Lands $380M Refi
Natixis arranged the loan on behalf of Douglaston Development for Level BK, a 40-story property located along the Williamsburg waterfront. Luxury amenities include an indoor/outdoor pool, a 24-hour business center and a furnished roof deck.
Luxury

  • Modern Meets Holistic: Designing Healthy Homes

    Integrating green spaces into a community is not just an aesthetics decision. Architects are more and more devoted to designing healthy buildings, that not only please the eye, but also offer a sense of well-being. Brooklyn's 550 Vanderbilt and 535 Carlton include biophilic elements that bring nature at residents' doorstep.

    09 August 2018 07:11

  • Spencer Equity Acquires Brooklyn Section 8 Building for $50M

    The 250-unit property in Coney Island was sold by the Orbach Group in a transaction arranged by Rosewood Realty Group.

    07 August 2018 17:31

  • Roseland Residential Secures $131M for Jersey City Community

    New York Life Real Estate Investors arranged the eight-year fixed-rate loan for Marbella Apartments in New Jersey. The 412-unit tower offers access to a spa, a dog run and a full service concierge.

    07 August 2018 15:30

  • The Design Files: Embodying the Community Spirit

    Architects are taking design to the next level by using input from the community to add more meaning to shapes. The Tangram development in Queens, N.Y., is an ode to Flushing, while residents at One Riverside in Philadelphia dictated the final layout of the condominium.

    07 August 2018 10:46

  • Flushing’s Puzzle Game

    Flushing, Queens, is taking mixed-use to a new level. Inspired by a traditional Chinese dissection puzzle consisting of seven flat pieces called tans put together to form shapes, the Tangram development will incorporate multifamily, office, retail and hotel, as well as food and beverage options, all under one roof.

    07 August 2018 09:45

  • Upstate NY Community Commands $59M

    At 761 units across four buildings, Siara Management‘s Nob Hill Apartments is one of the largest communities in Syracuse, N.Y.

    07 August 2018 06:50

  • Staten Island Skilled Nursing Facility Lands $21M Refi

    The new, HUD-insured permanent loan provided by Greystone for the 238-bed skilled nursing facility represents a permanent exit from the prior interim financing.

    26 July 2018 16:11

  • Manhattan High Line Portfolio Commands $28M

    Cushman & Wakefield represented the seller, while JLL secured acquisition financing on behalf of the buyer. The four contiguous buildings comprise 26 apartments and four ground-floor retail units.

    23 July 2018 14:03

  • Affordable NY Community Lands $20M in Financing

    KeyBank secured the loan for the acquisition and development of Mosaic Village in Cohoes. Vecino Group is both the developer and owner of the property.

    23 July 2018 13:35

  • Meridian Capital Secures $115M for Brooklyn Asset

    Built on a former multi-use site, Hampshire Properties' 302-unit development will bring a series of upscale amenities to the borough's largely residential Midwood neighborhood.

    20 July 2018 16:35

  • Bellwether Enterprise Selects New VP

    Ilya Weinstein will oversee loan production for affordable housing properties throughout New York City and the northeastern U.S., bringing to this new role more than seven years of mortgage lending experience.

    18 July 2018 16:46

  • Delancey Street Associates Opens NYC Condos

    The 55-unit building called 242 Broome is within the Essex Crossing development on Manhattan’s Lower East Side and includes a formal dining area, a children's lounge and a furnished rooftop.

    17 July 2018 17:41

  • Millbrook Realty Capital Adds New Managing Director

    Uanderson Benedetti will handle the origination of short-term bridge loans on multifamily properties, mixed-use buildings, condominiums and hotels, focusing on growing the company’s lending platform.

    17 July 2018 14:58

  • Modern Spaces Tapped to Lease Brooklyn Mixed-Use

    The transit-oriented BRiQ features 110 units, 22 of which offer 421-a tax incentives as part of New York City's Inclusionary Housing Program.

    16 July 2018 16:44

  • NYC Community Lands $53M Refi

    Walker & Dunlop arranged the 12-year, fixed-rate loan on behalf of the developers, Quinlan Development Group and Lonicera Partners, for 153 Remsen in Brooklyn Heights.

    13 July 2018 15:36