Top 5 NYC Multifamily Building Sales –May 2024
The metro's top deals for the sector, rounded up by PropertyShark.
Sale Price: $68,000,000
Four Winds Real Estate has acquired the 36-story multifamily building in Manhattan’s neighborhood of Murray Hill. Originally built in 2007, the 106,153-square-foot building consists of 110 residential units with an average size 938 square feet. The buyer also secured a $1.5 million acquisition loan originated by Affinius Capital. The seller was Canvas Property Group.
Sale Price: $19,167,000
A private investor purchased the six-story apartment building in Manhattan’s West Village. Hana Bank USA originated $13.5 million in acquisition financing. The 22,005-square-foot building includes 39 residential units with an average size of 543 square feet. The seller of the 1987-built multifamily property is Empire Management
Sale Price: $16,800,000
Built in 2016, the seven-story multifamily property changed hands from seller Heights Advisors to Urban Resource Institute. The buyer landed a $15.2 million acquisition loan from TD Bank. The 31,174-square-foot multifamily building is in Brooklyn’s neighborhood of East Flatbush and includes 34 multifamily units, with an average unit size of 917 square feet.
Sale Price: $14,500,000
A private investor acquired the three-building Upper West Side multifamily complex from a private seller. The buyer landed a $9.4 million acquisition loan from J.P. Morgan Chase Bank. The multifamily property includes 37 residential units and a total of 5,000 square feet of retail space.
Sale Price: $14,000,000
A private entity acquired the Tribeca multifamily building from Benchmark Real Estate. Pacific National Bank issued a $8.8 million acquisition loan. The 12,000-square-foot, five-story property is originally completed in 1915 and includes 7 residential units with an average unit size of 1,371 square feet.
