Top 5 NYC Multifamily Building Sales—August 2025
Here are the metro’s top deals for the sector, collected monthly by PropertyShark.
Sale Price: $810 million
Naftali Group has purchased the 208-unit luxury multifamily property from Spitzer Enterprises and Winter Properties, after agreeing to acquire the asset in March. JP Morgan provided acquisition funds totaling $888 million through three mortgages.
The 33-story residential building is in the Lenox Hill neighborhood of the borough and was originally completed in 1979. Apartment units include an average unit size of 1,426 square feet, while the property also includes 40,560 square feet of office space.
Sale Price: $16.6 million
An entity related to Japanese Shinko Real Estate purchased the 22-unit residential building from a private seller. The five-story building is in Manhattan’s West Village area and previously traded earlier this year, in a $12.3 million deal closed in January.
It dates back to 1901 and totals 9,530 square feet, with apartment units having an average size of 953 square feet.
Sale Price: $13.5 million
A private entity purchased two residential buildings encompassing 15 units combined from two private sellers.
The first property is a 1852-built, 4,442-square-foot mid-rise in West Village, that was last upgraded in 2016. Meanwhile, the second residential property is a six-story building dating back to 1910 and renovated in 2011, situated in the borough’s Gramercy Park area.
Sale Price: $12 million
The residential building swapped in a portfolio deal that includes two other assets, at 140-44 and 140-46 Sanford Ave. in downtown Flushing, N.Y. A private buyer acquired the trio from a private entity. The previous owner had permits filed in 2019 for a residential development on the three sites, a multifamily building totaling 34 units, with Angelo Ng & Anthony Ng Architects Studio as architect of record, according to New York YIMBY.
The project came online in 2022 as a mixed-use building that includes 26,150 square feet of residential space and 8,939 square feet of office space.
Sale Price: $11.5 million
Alma Realty has purchased the two adjacent residential buildings in the Murray Hill neighborhood of Queens from a private entity. The buyer also secured a $8.6 million acquisition loan from BCB Community Bank. The six-story duo features a total of 110 residential units and dates back to 1929.
—Posted on September 25, 2025
