Multifamily news in New York

Leasing Starts at Murray Hill Marquis Luxury Apartments
The former boutique hotel is being converted into 260 modern no-fee studio and one-bedroom apartments, with rents ranging from $2,575 to $3,450 per month.
Slideshow
948 Affordable Units Preserved in the Bronx
LIHC Investment Group, Belveron Partners and Camber Property Group will rehabilitate Stevenson Commons in the New York City borough. The initiative is moving forward through an agreement with the New York City Housing Development Corp.
Affordable
Ceruzzi Gets Massive Loan for Midtown Manhattan Condos
The company received $300 million for completion of a 72-story building with 124 condos, 7,500 square feet of retail space and a 25-space garage.
Condo

  • JV Wraps Up NYC Mixed-Income Community Makeover

    Nelson Management Group and L+M Development Partners have completed a complex, four-year renovation of the 318-unit Promenade Apartments in the Bronx.

    08 August 2017 14:02

  • Manhattan’s Beekman Tower Lands $70M Refi

    Meridian Capital Group arranged the 10-year CMBS loan for the 26-story Art Deco building. The property recently underwent a $24.2 million renovation to reposition it as corporate housing.

    04 August 2017 14:24

  • 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

  • RXR to Develop 28-Story Mixed-Use Towers in New Rochelle

    Anchors of the New York City suburb’s $4 billion redevelopment plan, the two high-rises will comprise about 700 units between them. City officials are eyeing up to 12 million square feet of new construction.

    02 August 2017 14:52

  • Lower Average Loan Sizes Are Likely

    Rising interest rates have yet to strongly impact the multifamily market, as specialists are confident the market will continue to see healthy fundamentals in the near future. While loan origination volumes are expected to stay up, the average value of credit facilities might dip.

    01 August 2017 20:39

  • MHN’s Top 5 July 2017 Articles

    Miss out on any MHN stories in July? Here are five of our most popular articles for the month, including the top 10 apartment owners in Atlanta and design trends and products from NAA's Education Conference & Exposition.

    01 August 2017 14:56

  • 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

  • Omni Breaks Ground on $68M Affordable Bronx Community

    The 15-story Morris II Apartments will comprise 154 units with a 4,000-square-foot ground-floor community space, and 30 percent of the units will be permanently affordable.

    28 July 2017 16:29

  • Corcoran Sunshine Marketing Group Makes Promotion

    With more than 11 years at the company, Norma-Jean Callahan will head up sales efforts for the newly launched Waterline Square, a 2.2 million-square-foot luxury condominium project in Manhattan.

    26 July 2017 13:57

  • Post-Recession Apartment Boom Earns Long Island City Top Spot

    Of all the apartment construction we witnessed in the past few years, 10 U.S. neighborhoods stand out for the greatest numbers of apartments built in the post-recession rental boom era.

    24 July 2017 16:24

  • Top 5 NYC Multifamily Sales

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

    24 July 2017 16:09

  • Greystone Secures Largest HUD Loan for Nursing Facility

    The $78.4 million refinancing for the 510-bed property in Brooklyn, N.Y., follows a $20 million capital improvement plan implemented by Centers Health Care.

    24 July 2017 13:17

  • 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

  • Tishman Speyer’s Jackson Park Tops Out in NYC

    The community, located in New York City’s fastest-growing neighborhood, Long Island City, Queens, will include more than 1,800 apartments and 120,000 square feet of indoor and outdoor amenities, as well as a private 1.6-acre park.

    17 July 2017 17:11