Top 5 NYC Multifamily Building Sales—December 2023
A roundup of recent major transactions put together by PropertyShark.
Sale Price: $32,777,000
The Chetrit Organization acquired the 28-unit high-rise in Carnegie Hill from a private investor. Completed in 1924, the 14-story property includes apartments averaging 2,302 square feet as well as 3,290 square feet of office space across one commercial unit. The building is merely two blocks away from Central Park and nearby transportation options include the 4, 5, and 6 subway lines at the southwest corner of Lexington Avenue and 86th Street.
Sale Price: $19,100,000
Bronstein Properties sold the 46-unit apartment building in Brooklyn Heights to R.A. Cohen & Associates. The buyer secured a $12.6 million acquisition loan funded by JPMorgan Chase Bank. The six-story property was built in 1920 and last altered in 1989. The building offers convenient access to the 2 and 3 subway lines at the northwest corner of Clark and Henry Streets.
Sale Price: $13,100,000
Rose Associates sold the six-story property totaling 96 units in Homecrest to Alma Realty Corp. Ridgewood Savings Bank provided a $9.8 million acquisition loan for the purchase of the mid-rise. The property last traded in 2018, when the current seller paid $27.7 million for the 1941-built building. The elevator apartment building offers units averaging 1,139 square feet.
Sale Price: $11,250,000
After decades of ownership, a private investor sold the four-unit property in the West Village neighborhood. Built in 1905, the four-story property was last altered in 1978. Nearby transportation options include the 1 subway line at the northwest corner of Seventh Avenue and Christopher Street as well as the M8 bus line at the intersection of West 10th and Bleecker Streets.
Sale Price: $10,800,000
Flagstar Bank facilitated the sale of the 66-unit building in Rego Park with a $7.4 million acquisition loan. The six-story property was built in 1939 and offers units averaging 1,188 square feet. Residents have access to the M and R subway lines at the southeast corner of 67th Avenue and Queens Boulevard as well as the Q60 bus stop just steps away.
