Top 5 NYC Multifamily Building Sales—September 2023
PropertyShark compiled the city’s biggest transactions of the month.
Source: PropertyShark, a Yardi Systems Inc. company
Sale Price: $40,000,000
Central Queens Properties sold the 54-unit property also known as The Congress in the Theatre District. A private investor acquired the 15-story apartment building with the help of a nearly $30 million mortgage originated by ReadyCap Commercial. Built in 1923, the high-rise includes residential units averaging 1,469 square feet as well as 6,000 square feet of retail space.
Sale Price: $17,000,000
Belvedere Property Management acquired the five unit property along with the six-unit 133 W. 13th St. in Greenwich Village. The three-story buildings built in 1890 include a total of 2,400 square feet of retail space. The pair of buildings last traded in early 2008 for a combined $9.2 million. Nearby transportation options include the F, L, M, 1, 2 and 3 subway lines at the corner of Sixth Avenue and 14th Street.
Sale Price: $14,900,000
A private investor acquired the seven-unit property in Upper West Side, which last traded in late 2005 for nearly $4 million. Built in 1900, the four-story building includes residential units averaging 886 square feet. The building offers convenient access to the 1, 2 and 3 subway lines at the northeast corner of Broadway and 72nd. Street and the M11 bus line.
Sale Price: $13,500,000
Laub Realty sold the 21-unit property in Greenwich Village to Wharton Properties. Built in 1900, the six-story walk-up apartment building also includes two commercial units across 2,387 square feet of retail space. The property last traded in early 2006, when it fetched $6.5 million. Nearby transportation options include the 1 subway line at the northeast corner of Varick Street and Houston Street.
Sale Price: $12,167,000
A private investor acquired the five-story property in Lenox Hill. Built in 1910, the five-story property includes residential units averaging 1,378 square feet and 1,469 square feet of retail space. The building offers convenient access to the 6 subway lines at the southwest corner of Lexington Avenue and 77th Street as well as the M1 bus line at the corner of Fifth Avenue and East 75 Street.
