New York
Silvershore Properties’ Queens Community Up for Grabs
Jason Silverstein and David Shorenstein’s firm has selected a team from Greysteel to market the sale of a 20-unit apartment building located in Queens’ Elmhurst neighborhood.
Avanath Acquires Brooklyn Portfolio
The company, in partnership with Oak Tree Management, acquired a 17-building affordable housing portfolio with 198 units for $73 million.
Leasing Starts at New Hell’s Kitchen Luxury Condos
Taconic Investment Partners and Mitsui Fudosan America are developing the project at 525 W. 52nd St., which includes 35,000 square feet of amenities.
Top 5 NYC Multifamily Sales
PropertyShark compiled the top 5 multifamily sales for April 2017 in New York City.
Construction of Lower East Side Luxury Condos Underway
Magnum Real Estate Group is partnering with Real Estate Equities Corp. to develop 196 Orchard, an 11-story luxury residential development located across from the famous Katz’s Deli.
Magnum Real Estate Begins Closings at NYC Tower
The 114-unit building offers a resident terrace with grill and fully furnished and landscaped roof deck, and in-unit features including Sub-Zero refrigerators, Bosch ovens and marble-clad bathrooms.
SL Development to Build $54M Luxury Condos in Brooklyn
When finished, the new property will consist of 69 luxury condominiums as well as 18 parking spaces and 20,000 square feet of retail space at grade.
Strategic Capital Backs NYC Hudson Square Development
The affiliate of a giant Chinese firm is taking a $140 million equity stake in the project, which will be co-developed by Cape Advisors. Located in Manhattan’s West SoHo enclave, the 280,000-square-foot tower will feature 170 condominium units, ground-floor retail and parking.
Manhattan Valley Portfolio Sells for $52M
Eastern Consolidated recently brokered the sale of a four-building multifamily portfolio comprising 100 apartments located at 60-68 W. 107th St., on New York City’s Upper West Side.
Affordable Housing to Rise on Former NY Slaughterhouse Site
NYCEDC and HPD released plans to transform a 24,687-square-foot historic site in the far west side of Manhattan, once home of New York Butchers’ Dressed Meat Co., into a mixed-use project that will include 234 affordable units, a grocery store, dormitory space, and more.