Top 5 NYC Multifamily Building Sales—May 2025
The metro’s top deals for the sector rounded up by PropertyShark.
Sale Price: $93.9 million
Two entities affiliated with Stonehenge Partners exchanged ownership of The Easton — a 210,305-square-foot multifamily property—in a $93.9 million deal. The seller was affiliated with the company’s Chairman and Chief Executive Officer Ofer Yardeni. The buyer entity, affiliated with Chief Legal Officer and Corporate Secretary Richard Cohen, secured a $45.9 million loan from MetLife Investment Management.
It is not clear why the property traded through two related entities while the sale price is notably higher than the previous one. Stonehedge initially paid $72.5 million for this asset in 2008, when LaSalle Organization sold it.
The 21-story building came online in 1962 and includes 159 units with an average size of 1,116 square feet. The property is within the borough’s Lenox Hill neighborhood and includes 13,500 square feet of retail space and 19,286 square feet of parking space.
Sale Price: $83.6 million
Tredway has purchased Ocean Park Apartments, a 602-unit affordable housing complex in Far Rockaway, N.Y. Related Cos. sold the 748,461-square-foot community that includes six 26-story buildings.
The buyer acquired the asset in partnership with Brookfield Properties and secured a $60.5 million loan from Merchants Bank of Indiana. Additionally, the new ownership entered into an agreement with the city’s Department of Housing Preservation & Development, ensuring all units are rent-stabilized.
Completed in 1971, the residential community includes 12,189 square feet of retail space, 73,090 square feet of parking space and an average unit size of 1,102 square feet.
Sale Price: $28 million
GRFO Alternative Investments, or GO-RE Group, purchased the 66-unit multifamily property from Austin, Texas-based Prophet Capital Asset Management. The buyer secured a $19.6 million Freddie Mac Loan originated and serviced by JLL Real Estate Capital.
The property is in the Flatbush neighborhood of the borough and came online in 2017. Totaling 60,259 square feet across eight stories, the building has an average unit size of 913 square feet.
Sale Price: $26 million
Peak Capital picked up the East Village duo totaling 42 units from Bell & Co. The buyer secured a $16.6 million loan from Bridge Investment Group.
The pair of six-story buildings encompass 30,888 square feet and were originally built in 1920. The first property includes 18 units with an average unit size of 660 square feet and 2,000 square feet of retail space, while the second one features 24 units with an average size of 646 square feet and a 1,500-square-foot office component.
Sale Price: $15.9 million
The 157-unit residential building changed ownership from Related Cos. to PH Realty Capital. The buyer purchased the asset in partnership with Rockledge. Encompassing 168,990 square feet across six stories, the building is within the Bronxdale neighborhood and dates back to 1929.
The acquisition of 2100 Bronx Park W. is part of a larger portfolio agreement, in which Related Cos. sold a 34-property affordable housing collection to the same joint venture, in a $192.5 million deal, according to Commercial Observer. The asset is also part of a nearly $140 million portfolio loan, made through two separate loans, with PH Realty Capital as lender and PGIM as borrower.
—Posted on June 26, 2025
