Top 10 NYC Multifamily Sales in Fourth Quarter 2016
- Jan 23, 2017
- 500 2 Ave., Manhattan
Sale Price: $620,000,000
This fireproof, elevator apartment building has 809,474 square feet of dedicated residential space divided up among its 894 units. The asset also has a ground level retail component of 19,550 square feet and is 28-stories high.
- 63 Wall St., Manhattan
Sale Price: $239,114,604
Offering studio, one-, two- and three bedroom floorplans, this 476-unit high rise was formerly called The Crest and is currently at a 98 percent occupancy rate. The building features amenities such as a fitness and business center, community room, laundry facilities, a media room and a rooftop terrace. An adaptive reuse project, the property started off as the Historic Wall and Hanover Building in 1928 and was converted to multifamily in 2004.
- 67 Wall St., Manhattan
Sale Price: $182,391,612
Located in the financial district, this former office building from 1921 was converted to multifamily in 2007. The 25-story property is mixed-use, with 331 residential units, 10,222 square feet of retail and 22,550 square feet of office space in the lower levels.
- 21 W. 86 St., Manhattan
Sale Price: $172,500,000
Including a rooftop terrace that offers views of Central Park, The Brewster houses 154 units comprising studio, one-, two-, three- and four bedroom floorplans. Located in the Upper West Side, this 1927 built asset is at a 94 percent occupancy and has 136,498 square feet of residential and 5,000 square feet of office space.
- 90-02 Queens Blvd., Queens
Sale Price: $125,000,000 and 87-28 58 Ave.
Sold in conjunction with the parking garage at 87-28 58 Ave., this semi-fireproof apartment building offers six stories comprising 148,109 square feet of residential, 34,473 square feet of office and 40,570 square feet of retail space. The 144-unit property was last updated in 2011.
- 915 West End Ave., Manhattan
Sale Price: $$86,500,000
This 15-story, 94-unit, transit-oriented building offers one- and two bedroom apartments, laundry facilities, controlled access and a doorman for its residents. The property was built in 1923 and has 118,591 square feet of space, with the average size of a unit being 1,262.
- 85 E. 10 St., Manhattan
Sale Price: $72,200,000
This old law tenement houses 107 units, averaging 576 square feet for a total of 61,612 square feet of the entire building. Built in 1987, the property has six stories and is located in the East Village.
- 230 N. 9 St., Brooklyn
Sale Price: $68,875,000
Comprising seven stories and 95 residential units, this building located in the neighborhood of Williamsburg, was last renovated in 2014 and offers 71,619 square feet of space.
- 341 Eastern Parkway, Brooklyn
Sale Price: $52,000,000
Located in the Crown Heights neighborhood of Brooklyn, this asset is a semi-fireproof building that also houses a retail component. There are 63 residential units comprising 75,431 square feet and 9,429 square feet of retail space located in the lower level. The building was developed in 2009 and last altered in 2013.
- 105 W. 168 St., Bronx
Sale Price: $38,391,184
Built in 1930, this seven-story building has 330,500 square feet of dedicated residential space comprising 283 units. In addition to residential use, the property also houses 5,000 square feet of ground floor retail space. Known as the Noonan Plaza Apartments, the asset is a landmark.