New York
Top 5 NYC Multifamily Sales—February 2021
PropertyShark compiled the top multifamily sales recorded last month in New York City.
Fairfield Properties Pays $33M for Long Island Senior Asset
The 50-unit luxury property catering to seniors 55 and over traded for a record price.
Hell’s Kitchen Luxury Condo Building Launches Sales
Xin Development Group is behind the 92-unit property that takes up a full block in Midtown Manhattan.
Namdar Group Lands $120M Loan for Jersey City Development
The project will be constructed in the Journal Square district, benefiting from nearby access to two commuter rail stations.
HK Organization Begins Marketing Brooklyn Adaptive Reuse
The property formerly served as a toy factory located in the Vinegar Hill neighborhood.
Woodmont Properties Begins Leasing New Jersey Community
More than 1,000 prospects have signed on to the community’s VIP wait list.
Nelson Management Group Lands $44M Refi for Brooklyn Asset
The company acquired the 718-unit affordable community in 2006, in a deal valued at $37 million.
CIM Group Debuts Brooklyn Luxury Condos
Developed in a joint venture with LIVWRK, 111 Montgomery offers 163 units in Crown Heights.
Extell Development JV Lands $146M Refi for Manhattan Condo Tower
GTIS Partners originated the inventory loan for The Kent, a 104-unit property on the Upper East Side.
Is New York City’s Condo Market Making a Comeback?
Rachel Medalie, broker at Douglas Elliman and principal at Bespoke Living, on her expectations for the metro and why investors are confident in 2021.