Top 5 NYC Multifamily Sales
- May 23, 2019
2001 Story Ave., Bronx
Sale Price: $87,900,000
Featuring 354 units across nine stories, this property in the neighborhood of Unionport totals 421,833 square feet. Built in 1973, the asset was last altered in 2006. Nearby transportation options include the 6 subway line at the corner of Castle Hill and Westchester Avenues located 0.62 miles away or the BX5 bus route situated a few steps away at the intersection of Turnbull and Pugsley Avenues. In addition to the 382,333 square feet of residential, the building also offers 38,000 square feet of garage and 1,500 square feet of additional space.
- 1600 Sedgwick Ave., Bronx
Sale Price: $83,916,000
This elevator apartment community in Morris Heights offers 345,362 square feet of residential space, averaging 451 square feet per unit, as well as 67,782 square feet of garage and 3,000 square feet of additional space. Built in 1972, the assets are within a half mile of the 1 subway line at the intersection of Saint Nicholas Avenue and 181st Street. Situated on a 102,000-square-foot lot, the property comprises two buildings that are 25 stories each.
- 3240 Henry Hudson Pkwy, Bronx
Sale Price: $35,590,000
Standing six stories on a 55,100-square-foot lot, this 108-unit property in Riverdale was built in 1938. The asset totals 163,197 square feet, with an average apartment size of 1,511 square feet. Nearby transportation options include the 1 subway line located a half mile away at the corner of Broadway and 231st Street, as well as the BX10 and BX20 bus routes at the intersection of Henry Hudson Parkway and 235th Street.
- 184 E. 64th St., Manhattan
Sale Price: $24,743,672
Located in Lenox Hill, this high-rise community was constructed in 1900. The six-story building features five apartments and is located near the F subway line at the corner of Lexington Avenue and 63rd Street.
- 725 W. 184th St., Manhattan
Sale Price: $23,350,000
This fully affordable property feature 79 units in the neighborhood of Washington Heights. Constructed in 1937, the building includes studio, one-, two- and three-bedroom units, ranging from 470 to 1,190 square feet. According to Yardi Matrix, the asset last changed hands in February 2013, when BlackRock purchased the property from DWS as part of a portfolio sale. Community features include hardwood floors, laundry facilities and high ceilings. The six-story building was last updated in 1987 and totals 70,692 square feet.