Top 5 NYC Multifamily Sales

PropertyShark compiled the top 5 multifamily sales recorded in August 2019 in New York City.
Source: PropertyShark, a Yardi Systems Inc. company
  1. 25 E. 67th St., Manhattan
    25 E. 67th St., Manhattan

    Sale Price: $70,000,000

Purchased by Black Spruce from the Parkoff Organization, this multifamily building in Lennox Hill was completed in 1926. Offering 53 units, the asset is currently 94.3 percent occupied as of September, according to Yardi Matrix. Floorplans are offered in studio and one-bedrooms, as well as penthouses. Square footage ranges from 380 to 850. Property amenities include a doorman, first floor retail totaling 2,977 square feet, private balcony/patios, high ceilings and hardwood floors.

  1. 30 E. 68th St., Manhattan
    Sale Price: $56,801,250

Comprising 41,371 square feet, this asset in Lennox Hill stands 12 stories. Built in 1925 and last altered in 1984, the property offers 33 residential units with an average size of 1,149 square feet. On the ground-level there are also three commercial units totaling 3,447 square feet of retail space. Nearby transportation includes the 6 subway line at the corner of Lexington Avenue and 68th Street or the M66 bus route at 68th Street and Madison Avenue.

  1. 166 W. 75th St., Manhattan
    Sale Price: $51,489,385

Dubbed AMSTRDM, this 180-unit property in the Upper West Side was constructed in 1922. Floorplans are offered in studio and one-bedroom ranging from 400 to 650 square feet. According to Yardi Matrix, the last known owner was Simon Baron Development, which purchased the asset back in April 2013 for $43 million from New York City Management. The building was 97.8 percent occupied as of September. Features of the building include a fitness center, community room, laundry facilities, doorman and access to 6,800 square feet of retail.

  1. 2785 Broadway
    Sale Price: $22,600,000

This elevator apartment building in the Upper West Side features 66 units across seven stories. One of two buildings on a 7,500-square-foot lot, the property comprises 24,318 square feet of residential and 5,900 square feet of retail space. The 1 subway line is located within close proximity of the asset, at the corner of Broadway and Cathedral Parkway. There is also the option of the M104 bus route at the intersection of 108th Street and Broadway.

  1. 162 W. 13th St., Manhattan
    Sale Price: $22,462,313

Totaling 22,998 square feet, this six story property is located in Greenwich Village. The building has 33 residential units totaling 19,473 square feet, averaging 609 square feet per unit. Nearby transportation includes the F/M, L and 1/2/3 subway lines at the corner of Seventh Avenue and 13th Street, as well as the M20 bus route at the intersection of Seventh Avenue and 14th Street. There are also four commercial units totaling 3,525 square feet of retail space in the building.