Top 5 NYC Multifamily Sales

PropertyShark compiled the top 5 multifamily sales recorded in June 2019 in New York City.

Source: PropertyShark, a Yardi Systems Inc. company

  1. 100 S. Fourth St., Brooklyn

    100 S. Fourth St., Brooklyn
    Sale Price: $60,950,000

This seven-story apartment building features 74 units at an average size of 902 square feet. The property also includes three commercial units totaling 3,000 square feet of storage space. Nearby transportation options include the J, Z and M subway lines at the corner of Havemeyer Street and Broadway, as well as the B62 bus route at the intersection of Bedford Avenue and Fourth Street. The asset is also home to Zenith Mastering Studios, Rocket Factory Lofts and Fohr Card Inc. The Williamsburg building was constructed in 1910 and last updated in 2003.

  1. 111 E. 79th St., Manhattan
    Sale Price: $50,553,225

Sold in conjunction with 109 E. 79th St., this five-story building features seven apartment units averaging 1,439 square feet. Located in the Carnegie Hall neighborhood, the property was constructed in 1910 and provides access to the 6 subway line at the intersection of Lexington Avenue and 77th Street, as well as the M79 bus route at the corner of 79th Street and Lexington Avenue.

  1. 140-30-50 Ash Ave., Queens
    Sale Price: $42,500,000

Currently fully occupied, the Flushing community features 142 one-bedroom units across six stories, ranging from 685 to 1,009 square feet. Built in 1939, the building features washer/dryers and hardwood floors in select apartments, laundry facilities and above average ceiling heights. According to Yardi Matrix, the last recorded owner was American Realty, which purchased the property from T.E.G. Management in 2008 for $17.5 million.

  1. 140-60 Beech Ave., Queens
    Sale Price: $37,500,000

Much like the property above, this building was also previously owned by America Realty. The company purchased the asset back in 2005 five from Martin I. Giller for nearly $13.7 million. The property is currently at a 98.4 percent occupancy as of June and features 124 studio, one- and two-bedroom apartments ranging from 419 to 830 square feet. Amenities include laundry facilities, covered parking, above average ceiling heights and controlled access. Built in 1959, the six-story asset totals 96,774 square feet and is fully affordable.

  1. 186 Franklin St., Manhattan
    Sale Price: $37,370,000

Built in 1921 and last upgraded in 2006, this TriBeCa-located property stands six stories tall. Totaling 24,700 square feet, the building features seven residential units totaling 17,700 square feet with an average unit size of 2,529. There is also an additional 3,500 square feet of space for retail and 3,500 square feet of space for storage on the ground level. Nearby transportation includes access to the 1 subway line at the corner of Varick and Franklin Streets, as well as the M20 bus route at the intersection of Harrison and Hudson Streets.

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