Top 5 NYC Multifamily Sales

PropertyShark compiled the top 5 multifamily sales recorded in February 2019 in New York City.
Source: PropertyShark, a Yardi Systems Inc. company
  1. 34 Desbrosses St., Manhattan
    34 Desbrosses St., Manhattan

    Sale Price: $260,000,000

Constructed in 2007, this 291-unit multifamily building dubbed Truffles, was purchased by The Related Cos. from The Jack Parke Corp. The sale was subject to a $140 million loan held by Landesbank Baden-Wurttemberg, according to Yardi Matrix. As of February, the community was 99.3 percent occupied. Floorplans are offered in studio, one-, two- and three-bedrooms, as well as penthouses, ranging in square footage from 670 to 1,300. Common area amenities include a fitness center, clubhouse, laundry facilities, media room, rooftop terrace and access to 6,100 square feet of retail.

  1. 103 E. 86th St., Manhattan
    Sale Price: $90,500,000

Stonehenge 86, located in the Carnegie Hall neighborhood, comprises 50 two-, three- and four-bedroom apartments. Built in 1914, the property was 100 percent occupied as of February. Pan Am Equities purchased the community from Stonehenge Partners in a transaction that was subject to a $52 million loan held by Athene USA, according to Yardi Matrix. Interior features include washer/dryers, fireplaces, high ceilings and hardwood floors. Residents have access to a doorman, laundry facilities, children’s playroom, community room, fitness center and 2,400 square feet of office space.

  1. 118 Madison Ave., Manhattan
    Sale Price: $38,000,000

Situated on a 2,351-square-foot lot in the NoMad neighborhood, this 14-story building was constructed in 1920 and last upgraded in 1981. The property offers 30,917 square feet of residential space and 2,000 square feet of ground floor retail space leased to Japanese restaurant NONONO and Miss K’s Italian Eatery & Cafe. The closest transportation options are the 6 subway line at the corner of Park Avenue and 32nd Street and the M1, M2 and M3 bus routes at the intersection of Madison Avenue and East 30th Street.

  1. 236 E. 5th St., Manhattan
    Sale Price: $23,250,000

Located in the East Village with nearby access to the F subway line at the corner of Second Avenue and Houston Street, this six-story property is estimated to have been built in 1932. Last upgraded in 1989, the building offers 25,002 square feet of residential space, with an average apartment size of 833 square feet.

  1. 35 Bedford St., Manhattan
    Sale Price: $21,000,000

Located on a 4,166-square-foot lot in Greenwich Village, this property offers 15,216 square feet of residential space within 33 units, as well as 2,340 square feet of retail space leased to Village Gyrotonic and Michael Sporn Animation Inc. Nearby transportation options include the 1 subway line at the corner of Varick and Houston Streets, as well as the M20 bus route at the intersection of Seventh Avenue South and Clarkson Street. The six-story property is estimated to have been built in 1900.