Top 5 NYC Multifamily Sales

PropertyShark compiled the top 5 multifamily sales for October 2017 in New York City.
Source: PropertyShark, a Yardi Systems Inc. company
Source: PropertyShark, a Yardi Systems Inc. company
  1. 180 Water St., Manhattan
    180 Water St., Manhattan

    Sale Price: $415,973,250

Located in the Financial District, this 29-story elevator apartment building was acquired by MetroLoft. The 453,857-square-footproperty, which is home to 565 residential and one commercial unit, was constructed in 1971 and last altered in 2015. The building offers quick access to the blue and red subway lines, as well as the green bus route.

  1. 335 W. 50th St., Manhattan
    Sale Price: $110, 250,000

Sold along with a 5,869-square-foot adjacent playground lot at 363 W. 50th St., this converted apartment building offers 151 residential units at an average size of 993 square feet. Totaling 150,000 square feet across 13 levels, the asset was built in 1930 and was last altered in 1981.

  1. 47 E. 34th St., Manhattan
    Sale Price: $80,000,000

Purchased by Morgenstern Capital, this Murray Hill 36-story luxury property was built in 2007. With an average total income of $5,449,614, last recorded in 2014, the 110-unit property boasts an average unit size of 938 square feet. The high-rise encompasses 106,153 square feet, including 3,000 square feet of ground floor retail space.

  1. 97-25 64th Ave., Queens
    Sale Price: $31,500,000

Offering 90,500 square feet of residential, 3,000 square feet of office and 4,500 square feet of garage space, this six-story apartment asset features 112 units at an average size of 808 square feet. Built in 1950, the building is located in the neighborhood of Rego Park and is within close proximity to the orange subway line.

  1. 1555 Grand Concourse, Manhattan
    Sale Price: $29,800,000

Situated in the Mount Eden neighborhood, this six-story property offers a total of 138,737 square feet. Constructed in 1927, the building features 149 units at an average of 931 square feet, and is located near to the orange and green subway lines.