Northeast
Top 10 NYC Multifamily Sales in April 2016
Trendy Brooklyn may have come out on top in this new data set, but overall recorded sales in April 2016 were dominated by transactions in Manhattan. Of special note is the continuing appetite for income producing properties in Washington Heights and Long Island City. 1. Sale Price: $79,672,500 Buyer: Eqr-North Ninth Ii LLC Seller: Em N9 LLC, Fpg 237-263 North 9TH Property LLC Despite rumors of shedding billions of dollars of apartments late last year and early in 2016, Sam Zell’s Equity Residential boldly picked up these Williamsburg apartment buildings last month. 2. 42-15 Crescent Street, Queens Sale…
Upgraded Mixed-Use Property in Midtown Manhattan Lands New Owner
A 36-unit mixed-use building, located in the core of Manhattan, was sold after extensive renovations.
Akelius Shells Out $56M for Historic Multifamily Community
The company acquired a six-building multifamily property in Brooklyn for $56.5 million, following a competitive bidding process.
$55M Financing for Mixed-Income Community Close to Downtown Boston
Rockport Mortgage arranged the HUD 223(f) refinance of the 465-unit Mystic Place Apartments on behalf of a WinnCompanies affiliate.
More Than 1,100 New Boston Apartment Units Approved
Three large mixed-use residential developments in a number of Boston submarkets.
Post Brothers Celebrates Opening of Sora Pool Club at Presidential City
Presidential City, the largest apartment redevelopment project in Philadelphia, has unveiled its highly anticipated 5-acre resort and recreational area.
Wood Partners Starts Renting at 224-Unit Property in Prosperous Andover, Mass.
The pet-friendly Slate at Andover sits less than three miles from central Andover and within a 45-minute ride from downtown Boston via I-93.
Meridian Capital Arranges $218M for Large NJ Buy
Capital One Multifamily Finance provided the acquisition financing for the purchase of nearly 1,500 multifamily units in Piscataway and Wayne, N.J.
Work Begins on Rental/Condo Property in NJ
The KRE Group and Mark Built Homes broke ground on the 135-unit TOD.
Upscale Residential Project in NYC Now on the Market
Thirteen East + West, a high-end residential project in East Village, launched sales for its 10 condominiums and two maisonettes.