Top 5 NYC Multifamily Building Sales—January 2025
The metro’s top deals for the sector, rounded up by PropertyShark.
Sale Price: $127.5 million
The multifamily community known as Leonard Pointe traded from to UDR Inc. to Pacific Urban Investors. With this deal, Pacific Urban Investors marked its seventh acquisition in the New York City area and expanded its regional residential portfolio to 1,853 units, according to its press release. UDR Inc. paid $130.4 million for the asset in 2019, when it purchased it from Rabsky Group.
The property is within the borough’s Williamsburg neighborhood and totals 186,779 square feet. Built in 2013, the seven-story structure features 188 residential units with an average unit size of 994 square feet.
Sale Price: $14 million
An Osaka, Japan-based entity known as Osaka Biso Co. acquired the 7,605-square-foot residential building in the Hell’s Kitchen neighborhood from a private seller. Sun Frontier Fudosan Co., a Tokyo-based lender, provided a $6.5 million acquisition loan.
Built in 1920, the residential building rises five stories and features 10 residential units with an average size of 761 square feet.
Sale Price: $13.3 million
A private investor picked up the 22,455-square-foot multifamily property from two private individuals. Colorado Federal Savings Bank originated $10 million via two notes on behalf of the buyer.
The seven-story building came online in 2004. Situated in Brooklyn’s Greenpoint neighborhood, the asset includes 25 Class A residential units with an average size of 663 square feet, 1,000 square feet of office space and a 5,554-square-foot parking space.
Sale Price: $13.2 million
Golden Arc Inc. has purchased the multifamily property totaling 21,580 square feet in Brooklyn’s Homecrest neighborhood from a private seller. The buyer secured an approximately $8.3 million acquisition loan from Axos Bank.
The property was part of a $27.6 million portfolio deal that also included 1590 E. 19th St. The eight-story building came online in 2019 and features 29 residential units with an average unit size of 744 square feet.
Sale Price: $13 million
The same Osaka-based entity made a second purchase in Manhattan’s NoMad area. The buyer picked up a 5,240-square-foot residential property from a private seller. The building, that dates back to 1920 and was last upgraded in 2011, previously traded for $6.9 million in March 2024. It features four Class A residential units with an average size of 1,010 square feet and 1,200 square feet of retail space.
—Posted on February 25, 2025
