New York

Top 5 NYC Multifamily Building Sales—February 2023

PropertyShark compiled the city’s biggest transactions of the month.

Piper

Toll Brothers JV to Develop Luxury Connecticut Project

Wells Fargo and TD Bank provided $136 million in construction financing.

1101 & 1089 President Street. Image courtesy of BFC Partners

BFC Partners Opens Brooklyn Affordable Community

The two buildings are part of the Bedford-Union Armor redevelopment.

The Biltmore

BentallGreenOak JV Lands $248M Refi for Manhattan Tower

The partnership paid $290 million for the luxury asset back in 2018.

Easing NYC’s Affordable Housing Crisis: A Construction Manager’s Take

Insights from Andy D’Amico of Urban Atelier Group on building successfully in a tough environment.

3 Journal Square.

Hartz Mountain Lands $58M for Luxury Jersey City Asset

The property was previously subject to a $61 million construction loan.

321 Main Street rendering. image courtesy of NorthMarq

Hampshire Cos. Lands $62M for New Jersey Development

The project is part of the Hackensack Redevelopment Plan.

The Beacon

Building and Land Technology Secures $257M for Jersey City Luxury Asset

The community encompasses 1,155 units across six buildings.

McGraw-Hill

NYC Office High-Rise Finds New Life as Apartments

The historic tower once served as the headquarters of Marvel Comics.

23-10 42nd rendering. Image courtesy of Werwaiss Properties

Werwaiss Secures $131M Construction Loan for Queens Tower

The 35-story project in Long Island City is set to include 240 units.