Northeast
Top 5 NYC Multifamily Sales
PropertyShark compiled the top 5 multifamily sales for December 2017 in New York City.
Rents Rebound Amid Boston Building Boom
The metro’s economy remains on sound footing, generating high-paying jobs at a fast rate and driving demand for upscale housing.
Northern NJ Development Site Trades for $17M
The upcoming apartment community will be located on a former fuel farm, previously owned by Hess Corp. River Development acquired the facility in 2014, and has since demolished it, preparing the riverfront for luxury apartments.
Mixed-Use Picks Up Steam in Philadelphia
Despite the recent spate of multifamily deliveries, occupancy remained high across the metro, reflecting the market’s capacity to rapidly absorb new product.
Community Builders Procures $38M to Develop NY Apartments
Cottage Place Gardens Phase III is a 70-unit, mixed-income property in Yonkers. The project involves the replacement of a 1940’s housing project and a deteriorated townhouse.
Delshah Capital Buys Manhattan Apartments, Plans Renovations
The company acquired 138 Ludlow St., a 1920-vintage, six-story walk-up on the Lower East Side, for $18.9 million.
Construction Begins on $30M Affordable Project in Long Island
Speonk Commons will consist of 66 units, across two development sites in Suffolk County. Several public and private entities provided funding for the project.
NYCHA Partners Up for Affordable Housing Renovations
Including these three new developer alliances, the PACT program will have updated 3,077 apartments with a total investment of $640 million.
Philly Community Aimed at Millennials Lands Financing
Located in a walkable neighborhood and close to art galleries and event venues, the project is slated to include a 5,500-square-foot commercial component.
Partnership Opens $10M Affordable Community in NY
Built on the site of a former fabric store in Rockland County, N.Y., Nyack Point Apartments features 33 units. The building is LEED certified to the Gold level.