Top 5 NYC Multifamily Building Sales—July 2022
PropertyShark’s monthly roundup of the city’s biggest deals.
Source: PropertyShark, a Yardi Systems Inc. company
- 80 Dekalb Ave., Brooklyn
Sale Price: $190,000,000
80 Dekalb Ave. Image via Google Street View
KKR & Co. acquired the 365-unit property in the Fort Greene neighborhood from Brookfield Properties. The buyer secured a $131.5 million acquisition loan originated by State Street Bank and Trust Co. for the LEED Silver-certified tower. Completed in 2009, the Class A+ high-rise also known as DKLB BKLN includes 73 affordable units. The property features studios as well as up to three-bedroom units with floorplans averaging 700 square feet.
- 740 W. End Ave., Manhattan
Sale Price: $50,750,000
Aya Acquisitions purchased the 95-unit property in Upper West Side from a private investor. Built in 1915, the 13-story residential tower includes 3,709 square feet of office space. The high-rise was last updated in 1986 and features up to 400-square-foot studios as well as one- to three-bedroom apartments, which can reach 1,800 square feet. The building offers convenient access to the 1, 2 and 3 subway lines at the corner of Broadway and 95th St. and the M106 bus line.
- 740 E. 243 St., Bronx
Sale Price: $32,300,524
Neighborhood Restore Housing Development Fund Corp. sold the 72-unit property along with the 50-unit 710 E. 243 St. in Wakefield. Samaritan Daytop Village Inc. funded the purchase with an acquisition and development package, which includes a $37.5 million senior loan originated by The Community Preservation Corp., $32.3 million from The New York City Department of Housing Preservation and Development and $3.5 million from the New York State Homeless Housing and Assistance Corp.
- 68 Richardson St., Brooklyn
Sale Price: $21,500,000
The Kalikow Group sold the 24-unit property in Williamsburg plus the adjacent 60a Lorimer St. FREO Group acquired the pair with the help of a $14.5 million acquisition loan originated by Israel Discount Bank of New York. The properties last traded in 2014, when the current seller paid $17.5 million for the buildings. McCarren Park is within easy walking distance with the G and L subway lines available at the northeast corner of Lorimer St. and Metropolitan Ave.
- 575 Third St., Brooklyn
Sale Price: $20,000,000
Slope Realty sold the 36-unit, six-story building on the corner of Third St. and Eighth Ave., in the Park Slope neighborhood. International Finance Bank facilitated the transaction with a $10 million acquisition loan. The mid-rise features floorplans averaging 900 square feet across a total of 32,388 square feet of residential space. Nearby transportation options include the F subway line at the intersection of Eighth Av. and Nineth St. as well as the B69 bus line at the corner of Seventh Ave. and Third St.
