Top 5 NYC Multifamily Sales

PropertyShark compiled the top 5 multifamily sales recorded in October 2019 in New York City.
Source: PropertyShark, a Yardi Systems Inc. company
  1. 1962 First Ave., Manhattan

    1962 First Ave., Manhattan
    Sale Price: $325,000,000

Sold along with 1940 First Ave., this residential building in East Harlem rises 13 stories. Built in 1973, the property includes 403,640 square feet of residential and 9,345 square feet of retail space. The asset includes 308 units averaging 1,250 square feet. Nearby transportation options include the Q subway line at the corner of Second Avenue and 96th Street, as well as the M15 bus route at the intersection of First Avenue and 102nd Street.

  1. 70 W. 139th St., Manhattan
    Sale Price: $75,500,000

Purchased in conjunction with 50 W. 139th St., this Harlem property was built in 1940 and last updated in 1982. The 2/3 subway line can be reached at the corner of Lenox Avenue and 135th Street, as well as the M1 bus route at the intersection of 139th Street and Malcolm X Boulevard. Totaling 89,418 square feet of space on a 16,986-square-foot lot, the asset comprises 105 residential units. The average apartment size is 852 square feet across the six-story building.

  1. 239 Banker St., Brooklyn
    Sale Price: $33,000,000

Located in the Greenpoint neighborhood, the building comprises 69 units at an average of 914 square feet. Constructed in 1915, the property was last upgraded in 2009 and totals 63,100 square feet. The walk-up asset stands four stories and located nearest the G subway line at the intersection of Manhattan and Norman Avenues. The B32 bus route can also be reached nearby at the corner of Franklin and Calyer Streets.

  1. 254 Water St., Brooklyn
    Sale Price: $15,000,000

Situated on a 12,400-square-foot lot, the five-story building houses 26 residential units averaging 1,091 square feet. The property was constructed in 2002 and is located in the Vinegar Hill neighborhood. Nearby transportation options include the F subway line at the intersection of Jay and York Streets or the B67 bus route at the corner of Bridge and Front Streets.

  1. 25 E. 11th St., Manhattan
    Sale Price: $12,500,000

Housing four residential units averaging 1,925 square feet, the building in Greenwich Village stands five stories. Totaling 7,698 square feet, the property was built in 1900 and last upgraded in 1987. This asset is situated within close proximity to several subway lines including the L, N/Q/R and 4/5/6 at the corner of Broadway and 14th Street. Residents can also access the M3 bus route at the intersection of Fifth Avenue and 12th Street.