Top 5 NYC Multifamily Sales
- Dec 17, 2018
- 104-20 Queens Blvd., Queens
Sale Price: $475,000,000
Located in Forest Hills, this 20-story community is home to 1,327 residential units, 33,000 square feet of office and 225,000 square feet of garage space. Owned by Blackstone Real Estate Advisors, the 1.7 million-square-foot property is within close proximity to the M and R subway lines at the corner of 67th Drive and Queens Boulevard.
- 160 E. 89th St., Manhattan
Sale Price: $55,100,000
Ditmas Management purchased this 51-unit property from Diamond Realty. The sale was subject to an $11.3 million loan held by Capital One, according to Yardi Matrix, which included this community as well as the 118-unit Seminole Apartments in Forest Hills, N.Y. Built in 1938, the asset was at a 96.2 percent occupancy as of November. Floorplans are offered in studio, one- and two-bedroom units, including penthouses, ranging from 328 to 1,371 square feet. Property amenities include hardwood floors, balcony/patios, a community room and laundry facilities.
- 260 E. 72nd St., Manhattan
Sale Price: $47,262,700
Comprising 26,797 square feet in Lenox Hill, this five-story building was constructed in 1930. The walk-up apartment property features 28 residential units and 6,060 square feet of retail space at the ground level. Nearby transportation options include the Q subway line at the intersection of Second Avenue and 72nd Street, as well as the M15 bus route at the same location.
- 80 Fort Washington Ave., Manhattan
Sale Price: $26,839,208
This fully affordable community houses 76 studio, one-, two-, three- and four-bedroom units, ranging from 500 to 1,200 square feet. RCR Management acquired the property from private owner David Katz. The sale was subject to a $7.5 million loan held by Apple Bank for Savings, according to Yardi Matrix, and was also part of a portfolio transaction that also included the 65-unit 86 Fort Washington Avenue Apartments.
- 3661 Broadway, Manhattan
Sale Price: $21,795,000
Situated on a 14,988-square-foot lot in Harlem, the six-story building was estimated to have been built in 1908 and was last altered in 1987. The 56-unit property offers a total of 72,360 square feet, 6,000 of which is used for retail on the ground floor. Nearby transportation options include the 1 subway line at the intersection of Broadway and 157th Street, as well as the M4 and M5 bus routes at the corner of Broadway and 152nd Street.