Top 5 NYC Multifamily Sales

PropertyShark compiled the top 5 multifamily sales recorded in September 2019 in New York City.
Source: PropertyShark, a Yardi Systems Inc. company
  1. 400 W. 113rd St., Manhattan

    400 W. 113rd St., Manhattan
    Sale Price: $57,000,000

Named Enclave at the Cathedral, this property was completed in 2016 in Harlem. Featuring 430 studio, one- and two-bedroom units, the asset was 99.5 percent occupied as of September, according to Yardi Matrix. Amenities include a fitness center, clubhouse, covered parking, media room, doorman, private balcony/patios, rooftop terrace and washer/dryers. The 15-story building features 87 affordable units and is subject to a 99-year unsubordinated net ground lease held by The Cathedral Church of St. John the Divine, according to Yardi Matrix. The 402,727-square-foot property is owned by The Brodsky Organization.

  1. 60 E. 12th St., Manhattan
    Sale Price: $44,792,000

Built in 1962, the 13-story asset was 98.5 percent occupied as of September. The building was purchased by Alcion Ventures from Heller Realty, according to Yardi Matrix. The sale was subject to a $67 million loan from Heitman. The asset offers 134 studio, one- and two-bedroom units ranging from 700 to 900 square feet. Features include a fitness center, laundry facilities, covered parking, doorman, hardwood floors and access to 4,774 square feet of ground floor retail.

  1. 18 E. 73rd St., Manhattan
    Sale Price: $27,000,000

Comprising 7,771 square feet in Lenox Hill, this five-story building is situated on a 2,307-square-foot lot. The property was built in 1920 and last upgraded in 1930. Nearby transportation includes the 6 subway line at the intersection of Lexington Avenue and 77th Street and the M2 bus line at the corner of Madison Avenue and 72nd Street. Housing six units, the average apartment size is around 1,295 square feet.

  1. 50 Manhattan Ave., Manhattan
    Sale Price: $15,734,353

Located in Manhattan Valley, this elevator apartment building offers 49 units averaging 873 square feet. The B and C subway lines can be reached at the corner of Central Park West and 103rd Street, while the M10 bus is available at the intersection of Central Park West and 102nd. The building was constructed in 1925 and last altered in 1984. Standing six stories, the asset totals 42,783 square feet.

  1. 56 E. 56th St., Manhattan
    Sale Price: $8,500,000

Built in 1905 and last upgraded in 1987, this property is situated on a 2,008-square-foot lot in Lennox Hill. The building features 6,630 square feet of residential space, averaging 829 square feet per unit. The asset stands five stories and is located within close proximity to the 6 subway line at Lexington Avenue and 68th Street, or the M2 bus at Madison Avenue and 66th Street.