Top 5 NYC Multifamily Building Sales—April 2025
PropertyShark collected the city’s top deals for the sector.
Sale Price: $32.1 million
The Carlyle Group picked up the 56,868-square-foot residential property in Brooklyn’s Gowanus area from Werber Real Estate. The buyer also secured $ 21.3 million through three loans from Invesco Commercial Real Estate Finance Trust. The property rises 12 stories and came online in 2011. It includes 17 Class A units with an average unit size of 3,345 square feet.
Sale Price: $12.5 million
The Scharf Group has sold a 124,492-square-foot multifamily property in the borough’s Bedford Park neighborhood to a private investor. The buyer secured a $8.5 million loan through a mortgage notification from JPMorgan Chase Bank. Rising six stories and dating back to 1936, the residential asset includes 123 units with an average size of 1,012 square feet. The property last traded for $13.2 million in 2013 and also includes 58,320 square feet of unused air rights.
Sale Price: $10.5 million
A private investor picked up the 27,252-square-foot building in Jamaica, N.Y., from Vikram Construction Inc. Amerasia Bank issued a $5.3 million loan on behalf of the buyer. The eight-story property came online in 2017 and features 31 multifamily units with an average size of 879 square feet.
Sale Price: $8.8 million
Osaka, Japan-based Shinwa Real Estate picked up the Upper West Side multifamily asset from a private seller. The buyer also took an acquisition loan in the same amount from Sumitomo Mitsui Banking Corp. Totaling 11,880 square feet across four stories, the property includes 20 units with an average unit size of 594 square feet. Additionally, the asset comprises 1,973 square feet of unused air rights.
Sale Price: $8.1 million
Penn South Capital has sold the 6,750-square-foot East Village property to a private investor. The buyer secured a nearly $4.2 million loan through an amended and restated note from Citizens Bank. The five-story building includes 18 Class A residential units with an average size of 600 square feet. Additionally, it also features 1,350 square feet of retail space and 2,959 square feet of unused air rights.
—Posted on May 29, 2025
