Top 5 NYC Multifamily Sales

PropertyShark compiled the top 5 multifamily sales for December 2017 in New York City.
Source: PropertyShark, a Yardi Systems Inc. company
Source: PropertyShark, a Yardi Systems Inc. company
  1. 237 E. 34th St., Manhattan
    237 E. 24th St., Manhattan

    Sale Price: $110,000,000

This 121,221-square-foot Murray Hill property features 108 residential units with an average size of 999 square feet. Rising 25 stories above ground, the asset also includes 6,283 square feet of retail and 7,003 square feet of storage space.  Completed in 2015, the building is within close proximity to the 6 subway line at Park Avenue/33rd Street.

  1. 1 Morningside Drive, Manhattan
    Sale Price: $95,000,000

Built in 2008, this 18-story elevator apartment building was purchased by AvalonBay Communities. The property has 295 apartments with an average size of 1,216 square feet per unit. Featuring a total of 358,800 square feet, the asset is less than half a mile of the B/C subway lines at Frederick Douglass Boulevard and Cathedral.

  1. 260 West St., Manhattan
    Sale Price: $55,500,000

This converted elevator apartment property encompasses 54,250 square feet of residential space and 7,000 square feet of ground floor retail space. There are 24 residential units in the building, with an average size of 2,260 square feet. Built in 1910, the nine-story property was last altered in 1974.

  1. 60 W. 76th St., Manhattan
    Sale Price: $33,619,287.64

Standing seven stories above ground and encompassing 62,434 square feet of space, this property offers 56 apartments at an average of 1,061 square feet. The building also includes 3,000 square feet of retail space currently occupied by Chase Bank, and is within close proximity to the B/C subway lines at Central Park West/77th Street and the M11/M7 bus routes at Columbus Avenue/West 75th Street. The asset is located within the Upper West Side/Central Park West Historic District and was purchased by Olshan Properties.

  1. 82 W. 12th St., Manhattan
    Sale Price: $32,500,000

Located within the Greenwich Village Historic District, this six-story transit-oriented property is located within walking distance from the F/L/M/1/2/3 subway lines. There are 24 apartments in the building, with an average size of 818 square feet per unit. Constructed in 1900, the asset was last altered in 1987 and totals 20,634 square feet, including 1,000 square feet of ground floor retail space.