New York

NYC Med School Launches $260M Student Housing

Located on Manhattan’s Upper East Side, the project is set to open in 2025.

Sutphin is developing a 521-unit multifamily asset in Queens, N.Y.

Sutphin Boulevard Equities Lands $142M for Queens Project

Slate Property Group provided the floating-rate loan.

Slate, Avenue Realty Capital Top Out 19-Story Brooklyn Build

The 162-unit property is due to come online by summer 2025.

Postmark

Connecticut Portfolio Lands $224M Refi

The owner, a consortium of five companies, had previously acquired the assets from BLT.

Rent Control Challenges Take a Blow From the Supreme Court

New York City’s stringent regulations will stay intact, but opponents vow to keep battling.

Suburban New York Shopping Center to Get Mixed-Use Makeover

Three companies plan to convert the White Plains mall.

Douglaston Opens Bronx Affordable Senior Housing

The community is located near the New York Botanical Garden in the Bronx.

The four storage facilities encompass a total of 3,540 units. Image courtesy of Prime Group

Prime Group Adds Self Storage Assets to Growing Portfolio

The company acquired the properties through its third flagship fund, Prime Storage Fund III.

Starhill Phase I will comrpise 326 units. Rendering by Marvel Architects, courtesy of Services for the UnderServed

Phase 1 of $189M Affordable Development Tops Out in the Bronx

When complete, the project will comprise nearly 600 units.

Brooklyn. Photo by Alex Potemkin/iStockphoto.com

Brooklyn Multifamily Report – August 2023

Rents continue to outperform in New York City’s most populous borough.