New York
Top 10 NYC Multifamily Sales in April 2016
Trendy Brooklyn may have come out on top in this new data set, but overall recorded sales in April 2016 were dominated by transactions in Manhattan. Of special note is the continuing appetite for income producing properties in Washington Heights and Long Island City. 1. Sale Price: $79,672,500 Buyer: Eqr-North Ninth Ii LLC Seller: Em N9 LLC, Fpg 237-263 North 9TH Property LLC Despite rumors of shedding billions of dollars of apartments late last year and early in 2016, Sam Zell’s Equity Residential boldly picked up these Williamsburg apartment buildings last month. 2. 42-15 Crescent Street, Queens Sale…
Upgraded Mixed-Use Property in Midtown Manhattan Lands New Owner
A 36-unit mixed-use building, located in the core of Manhattan, was sold after extensive renovations.
Akelius Shells Out $56M for Historic Multifamily Community
The company acquired a six-building multifamily property in Brooklyn for $56.5 million, following a competitive bidding process.
Meridian Capital Arranges $218M for Large NJ Buy
Capital One Multifamily Finance provided the acquisition financing for the purchase of nearly 1,500 multifamily units in Piscataway and Wayne, N.J.
Upscale Residential Project in NYC Now on the Market
Thirteen East + West, a high-end residential project in East Village, launched sales for its 10 condominiums and two maisonettes.
Five Cutting-Edge City Initiatives in Affordable Housing
We’ve identified five of the newest or most creative local initiatives to deliver more affordable housing units to the renters who need it.
Matt Jones Moves Up the Ladder at Harbor Group International
The executive’s new role as director of acquisitions will include leading and executing the firm’s investment strategy across all product types and markets.
241-Unit Affordable Housing Project to Replace Former School in the Bronx
Trinity Financial and MBD Community Housing Corp. will develop the 24-story, energy efficient, mixed-use tower in the Bronx’s Mott Haven neighborhood.
Alliance Residential Names Gregory Belew Managing Director
With over two decades of experience in all phases of the development process, Belew will lead the firm’s expansion in the Northeast.
Tribeca Building with Development Potential Lands Long-Awaited New Owner
Cushman & Wakefield sold the 13-unit development for $1,064 per square foot.