New York
Greystar Expands in NYC with $240M Buy
The company acquired a 266-unit community situated near retailers, restaurants, entertainment venues, job hubs and public transit nodes in Manhattan’s NoMad neighborhood.
Brooklyn Mixed-Use Tower Breaks Ground
A joint venture between Greenland Forest City Partners and The Brodsky Organization is developing 18 Sixth Avenue, an 859-unit mixed-income property within the Pacific Park community. Construction is slated to be complete in 2022.
NYC Chalks Up $15M Affordable Housing Preservation Deal
Stakeholders from the government, non-profit and private sectors worked together to buy three apartment buildings in Queens, which will be kept rent-stabilized under the Neighborhood Pillars Program.
Top 5 NYC Multifamily Sales
PropertyShark compiled the top 5 multifamily sales recorded in March 2019 in New York City.
$27M Financing Earmarked for Brooklyn Development
Madison Realty Capital provided the loan for a new 68-unit mixed-use residential building and the rehab of a two-story community next door.
NorthMarq Capital Arranges $16M Refi for NJ Community
The 10-year Freddie Mac financing for the 227-unit Village Manor in the western Manhattan suburb of Nutley retires an existing CMBS loan.
Brooklyn’s Tallest Building Tops Out
Extell Development Co.’s Brooklyn Point stands 720 feet tall. The luxury property will include 458 condos as well as the highest rooftop infinity pool in the Western Hemisphere.
Hello Living Lands $32M Refi for Brooklyn Project
Madison Realty Capital and Bluestone Group provided the financing for the developer’s 15-story, 55-unit luxury rental project in Prospect Lefferts Gardens.
NYC Public Housing Could Hit Breaking Point by 2027
The New York Building Congress estimates that, in less than a decade, the cost of repairing the city’s aging public housing properties will exceed replacement cost.