New York
Shorenstein Nabs Manhattan Luxury Community for $57M
HFF brokered the sale and arranged $31 million in financing for the 54-unit, recently renovated apartment building located in Manhattan’s East Village neighborhood.
JV Brings Luxury Living to Jersey City
Hartz Mountain Industries and Panepinto Properties developed the LEED Silver-certified TOD, which includes 13 stories and 240 units. The community is already 40 percent leased.
Home Leasing, CPC Open $18M NY Apartments
The 72-unit Charlotte Square at the East End is the first of three new developments in Rochester. Construction on phases II and III are anticipated to begin in the fall of 2017.
Sustainable Queens Development Begins Leasing
Gotham Organization’s and Brause Realty’s property, called The Forge, includes 272 units and features environmentally friendly, luxury amenities.
NJ Community Sells for $27M
A joint venture of C6 Real Estate Partners and Citymark Capital acquired the newly built, 100-unit River Edge at Garfield, which comprises one- and two-bedroom apartments ranging from 834 to 1,217 square feet.
Cushman & Wakefield to Market NYC Beaux-Arts Community
Measuring 42 feet wide, the building initially housed 14 families and their servants. Later converted to a hotel, the structure was reconverted to an apartment building in 1964.
Top 5 NYC Multifamily Sales
PropertyShark compiled the top 5 multifamily sales for May 2017 in New York City.
Maplewood Senior Living Breaks Ground on $270M NYC Community
The 215-unit development featuring assisted living, enhanced care and memory care introduces the company’s Inspir brand, which was created to deliver a new option for older adults seeking senior residences.
HUD, HCR, MDG Partner for $160M Bronx Preservation
Michelangelo Apartments, a 494-unit affordable building, is a 43-year-old Mitchell-Lama community that will be renovated and preserved as affordable for another 40 years as a result of the deal.