New York
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.
Meridian Lands $139M Loan for Upscale Manhattan Project
Luxury residential developer Anbau will use the financing to build a two-tower, 48-unit condo property in the Flatiron District.
Mack-Cali Acquires New Jersey Community for $264M
Roseland Residential Trust, a multifamily arm of the REIT, purchased a 377-unit luxury apartment building in Jersey City, N.J., from seller AEW.
Luxury NJ Senior Housing Opens Doors
The 73,000-square-foot 85-unit facility is the first assisted living and memory care property built in the borough since 2000, under the management of Chelsea Senior Living.