Top 5 NYC Multifamily Sales
PropertyShark compiled the top 5 multifamily sales recorded in January 2019 in New York City.
110 S. Eighth St., Brooklyn
Sale Price: $43,799,464
Situated in Williamsburg, this elevator apartment building offers 66 units at an average size of 968 square feet. The property was constructed in 2007 and stands 20 stories, comprising 63,866 square feet. The asset is within 0.3 miles of the J/Z and M subway lines located at the corner of Havemeyer Street and Broadway, as well as the B32 and Q59 bus routes 0.1 miles away at the intersection of Broadway and Bedford Avenue.
- 332 E. Fourth St., Manhattan
Sale Price: $14,000,000
Comprising 17,478 square feet, the six-story building features 28 residential units totaling 16,678 square feet and two commercial units at the ground level, totaling 800 square feet. El Triunfo Inc., a creative studio, is a current tenant at the property. Nearby transportation options include the F/M and J/Z subway lines at the corner of Norfolk Street and Delancey Street. The building is estimated to have been constructed in 1920 and is located in the East Village.
- 1161 Elder Ave., Bronx
Sale Price: $8,950,000
Home to the Nicosia Hills Co., this walk-up building was constructed in 1928. Situated in the neighborhood of Soundview, the property comprises 36,500 square feet. There are 49 apartment units, averaging 760 square feet in size. The 6 subway line can be reached at the intersection of Elder and Westchester Avenues, as well as the BX27, BX4 and BX4A bus routes.
- 506 Tinton Ave., Bronx
Sale Price: $8,450,000
Offering 46 residential units across five stories, this property in situated within the Mott Haven neighborhood. The asset is within close proximity to the 6 subway line located 0.1 miles away at the corner of Southern Boulevard and 149th Street, as well as the BX17 and BX19 bus routes at the corner of 149th Street and Tinton Avenue. The building was constructed in 1925 and last altered in 1991. The average apartment size is 818 square feet, whereas the entire building totals 37,614 square feet.
- 520 Tinton Ave., Bronx
Sale Price: $8,100,000
Situated two buildings down from the previously mentioned property, this building is a bit smaller, comprising a total of 33,985 square feet. The walk-up asset offers 44 units at an average size of 772 square feet. Built in 1918, the property was last altered in 1990 and stands five stories. Nearby transportation options include the 6 train at the intersection of Southern Boulevard and 149th Street, and the BX17 and BX19 bus routes at the corner of 149th Street and Tinton Avenue.