Multifamily news in New York
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Newark Affordable Housing Breaks Ground
The Michaels Organization and its partners began work on Somerset Brownstones, a $19 million development in New Jersey's Central Ward neighborhood.
11 November 2019 19:40 -
Northern New Jersey Community Sells for $40M
Santander Bank provided $29.4 million in acquisition financing for the purchase of the 123-unit community in Morrisville.
11 November 2019 18:46 -
Brooklyn Affordable Community Breaks Ground
Trinity Financial Inc. and the New York City Housing Authority are bringing the 180-unit property to the borough's Brownsville neighborhood.
11 November 2019 14:23 -
Jersey City Community Scores $168M Loan
The financing will fuel construction of a 350-unit rental tower as part of a planned 1,000-unit development.
08 November 2019 14:55 -
Queens Property Lands $121M Loan
Treetop Development obtained the financing for 711 Seagirt, a 917-unit asset in the Far Rockaway neighborhood.
06 November 2019 14:54 -
Queens Multifamily Report – Fall 2019
Unrestrained by this summer’s new statewide regulations, rents in the New York City borough rose sharply over the past two quarters.
06 November 2019 13:00 -
New York’s Rent Reform Pushes Investors Toward South Florida
As investors pull away from markets with rent control laws, the Sunshine State seems to be one of the greatest beneficiaries. Brown Harris Stevens’ Phil Gutman explains why it's hard to match the advantages Florida has to offer.
06 November 2019 12:07 -
Queens’ T-Building: From Hospital to Affordable Housing Community
Dunn Development Corp. has started work on transforming the historic structure into a 200-unit affordable housing property, slated for completion in 2021.
06 November 2019 06:51 -
Pembrook CEO: Affordable Housing Can Be Top Performing
Stuart Boesky, CEO of Pembrook Capital Management, explains how affordable rental housing can be a successful investment, even in times of economic distress.
05 November 2019 15:43 -
Arch Cos. Adds Partner, Head of Subsidiary
Jason Paul has more than 10 years of experience in multifamily and mixed-use assets.
04 November 2019 18:02 -
RXR Breaks Ground on New Rochelle Community
The mixed-use property is the latest piece of the real estate firm’s redevelopment plan for the town, located just outside of New York City.
01 November 2019 17:40 -
New Jersey Community Lands $118M in Financing
A portion of the loan will be used to complete unit renovations at the 360-unit property in Essex County.
31 October 2019 17:39 -
Manhattan Rental Property Lands $215M Refi
The part-affordable community is located within Essex Crossing, a mixed-use development that will eventually house more than 1,000 apartment units.
30 October 2019 14:26 -
1st Phase of Bronx Mixed-Use Project Delivers
Breaking Ground and its partner Comunilife Inc. have opened the first affordable building as part of a 1.1 million-square-foot development.
30 October 2019 13:49 -
Manhattan Multifamily Report – Fall 2019
The borough’s year-over-year rent growth of 3.5 percent as of August surpassed the U.S. figure for the first time in many years.
28 October 2019 13:28