New York
Top 10 NYC Multifamily Sales in January 2016
The data is in! New York City multifamily real estate rocketed into 2016, with numerous eight-figure-plus sales. Manhattan, Brooklyn and the Bronx all jockeyed for the spotlight. Check out PropertyShark’s list of the top 10 most expensive multifamily deals recorded in NYC in January: 10. 4002-4004 & 4014-4016 Carpenter Ave., The Bronx Sale Price: $15,900,000 Buyer: Nysandy12 Cbp5 LLC Seller: Ecp Carpenter LLC The Real Deal reports that these two properties are part of a a much larger portfolio acquisition. In a partnership between Related and the New York City pension funds, a total of 737 Bronx apartments are being…
Mixed-Use Development to Rise Across from Historic Beacon Theatre
Eastern Union secured a $14.8 million construction loan for Opal Holdings’ new mixed-use residential development that will transform the current building at 207 W. 75th Street.
$170M Financing Secured for FiDi’s 20 Broad Street
JLL secured $170 million in financing for the conversion of 20 Broad Street, a 29-story office building that FiDi veteran Nathan Berman will transform into a residential and retail asset.
Modular Construction Company Whitley Acquires Capsys
Construction time for buildings will be expedited by simultaneously constructing units in the plant while work proceeds on the foundation at the job site.
Equity Residential Sells RiverTower at Sutton Place for $390M
A joint venture closed on the mixed-use property, which includes 38 stores and 311 apartments.
Macquarie Capital Makes Strategic Investment in Manhattan Platform
Macquarie Capital has acquired an interest in Stonehenge NYC.
WXY Steps Up With Revamp of Manhattan’s 215th Step-Street
WXY has partnered with AECOM to revamp Inwood’s popular full-block step-street, which has been in disrepair after more than 100 years of pedestrians walking its steps.
KeyBank Invests $28.7M in Senior Housing
KeyBank’s investment in Cambray Courts Apartments will help redevelop the community into 71 units of much-needed affordable housing for seniors in St. Lawrence County, N.Y.
M&T Realty Capital Corporation Appoints New Managing Director
M&T Realty Capital Corporation promotes Matthew Hodson to managing director for its Tyson’s Corner office.
Weiss Realty Buys Long Island City Apartments for $97M
The community includes 130 apartment units, 6,000 square feet of retail space and a 50-space parking garage.