Top 5 NYC Multifamily Building Sales of 2025
These were last year's largest deals in New York City, according to PropertyShark.
Sale Price: $810 million
Naftali Group’s $810 million acquisition of the 208-unit multifamily property closed in August 2025 marked last year’s largest multifamily investment in the city. Spitzer Enterprises and Winter Property sold the luxury asset in August 2025. JPMorgan aided with acquisition funds totaling $888 million through three loans.
The residential tower rises 33 stories in the borough’s Lenox Hill neighborhood. It was originally completed in 1979 and includes an average unit size of 1,426 square feet as well as 40,560 square feet of office space.
Sale Price: $244 million
JPMorgan has purchased the 418-unit residential tower known as Riverbank, in a deal that closed in July 2025. Barings sold the 44-story property after 34 years of ownership.
The buyer secured a $28.3 million Freddie Mac loan, maturing in 2035, and a $128.3 million note, both originated by JLL Real Estate Lending Services.
Riverbank is within Manhattan’s Hell’s Kitchen neighborhood. The Class A tower dates back to 1987 and includes an average unit size of 809 square feet, as well as 33,000 square feet of retail space.
Sale Price: $127.5 million
Pacific Urban Investors has acquired the 188-unit multifamily property known as Leonard Pointe. UDR Inc. sold it in a transaction that closed in January 2025. The seller previously paid $130.4 million for the asset in 2019, when it purchased it from Rabsky Group.
Completed in 2013, the building is within the borough’s Williamsburg neighborhood. It rises seven stories and includes an average unit size of 994 square feet.
Sale Price: $116.5 million
The 21-story residential property known as Rivers Bend changed ownership from Solow Building Co., a company owned by The Soloviev Group, to A&E Real Estate. The buyer assumed the outstanding balance totaling $60.5 million from CMBS and Freddie Mac loan originated in 2020. Wilmington Trust serves as trustee.
Rivers Bend is a luxury multifamily property in the borough’s Yorkville neighborhood. It includes 179 Class A units with an average size of 1,046 square feet.
Sale Price: $103.3 million
Extell Development has purchased a multifamily portfolio from Solil Management. The acquisition closed in March and included a 14,494-square-foot property at 35 E. 60th St., a 6,980-square-foot property at 37 E. 60th St. and a 6,740-square-foot property at 39 E 60th St.
Totaling 28,314 square feet, the portfolio includes 30 units across three buildings rising four and five stories. It is located in the borough’s Lenox Hill neighborhood and is next to Extell Development’s planned 62-unit residential tower on Madison Avenue, according to The Real Deal.
—Posted on January, 2026
