Top 5 NYC Multifamily Sales

PropertyShark compiled the top 5 multifamily sales for September 2017 in New York City.
Source: PropertyShark, a Yardi Systems Inc. company
Source: PropertyShark, a Yardi Systems Inc. company
  1. 225 W. 23rd St., Manhattan
    225 W. 23rd St., Manhattan

    Sale Price: $100,000,000

Sold along with 220 W. 24th St., this seven-story elevator apartment building boasts a total income of $2.6 million, last reported in 2014. Constructed in 1930, the asset offers 127 residential units totaling 60,524 square feet and 11 commercial units totaling 6,000 square feet. Located in Chelsea, the properties were purchased by Akelius Real Estate Management and are within close proximity to the red, blue and orange subway lines.

  1. 321 E. 22nd St., Manhattan
    Sale Price: $60,928,000

Offering 115 units, this six-story property is located in the Gramercy Park submarket of Manhattan and was purchased by Akelius Real Estate Management from Benedict Realty Group. The building features a mix of studio and one-bedroom units ranging from 345 to 600 square feet. Interior features include fireplaces and hardwood floors, while residents have access to laundry facilities, a doorman and 1,500 square feet of ground-floor retail. The building, constructed in 1968, is more than 90 percent occupied.

  1. 97 Columbia Heights, Brooklyn
    Sale Price: $58,000,000

Hawkins Way Properties purchased this 48-unit building, which features an average apartment size of 1,528 square feet. Also including 17,064 square feet of garage space, the asset stands 12 stories and was constructed in 1987. Totaling 90,426 square feet, the property is located within the Brooklyn Heights Historical District.

  1. 500 Sterling Place, Brooklyn
    Sale Price: $47,865,234

Comprising 62,190 square feet, the seven-story building features 77 units at an average size of 808 square feet. Located in Prospect Heights, the asset is close to the red and green subway lines.

  1. 326 Ft. Washington Ave., Manhattan
    Sale Price: $30,800,000

This 76,536-square-foot property encompasses 74 residential units at an average size of 843 square feet and four commercial units totaling 14,190 square feet. The six-story elevator apartment building is located in the neighborhood of Washington Heights, with direct access to the blue subway line.