Top 5 NYC Multifamily Sales

2 min read

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

Source: PropertyShark, a Yardi Systems Inc. company
  1. 220 E. 72nd St., Manhattan

    220 E. 72nd St., Manhattan
    Sale Price: $159,500,000

This high-rise apartment building stands 22 stories. Built in 1975, the property totals 156,200 square feet. Situated on an 18,600-square-foot lot, the asset offers 147 residential units averaging 1,063 square feet. According to StreetEasy, the building features studio, one-, two- and three-bedroom floorplans. Amenities include marble floors, granite kitchens and oversized windows. Residences start at the seventh floor of the property. The first six floors have a separate entrance on 71st Street for the cultural wing of Marymount Manhattan College.

  1. 564 St. Johns Place, Brooklyn
    Sale Price: $117,000,000

Harbor Group International picked up this 193-unit apartment building, known as The Frederick, from Heritage Equity Partners. The sale was subject to an $87.6 million loan held by New York Community Bank, according to Yardi Matrix. Completed in 2018, the building in Crown Heights offers studio, one- and two-bedroom units, as well as penthouses. Floorplans range from 443 to 835 square feet. Features include washer/dryers, above standard ceiling heights, a fitness center, business center, community room, children’s playroom, doorman, private balcony/patios, rooftop terrace and 87 parking spaces. The community is also located in an Opportunity Zone.

  1. 3060 Broadway, Manhattan
    Sale Price: $47,207,500

Located in Morningside Heights, this building stands six stories and was built in 1913. The property features 36 residential units and is also home to Olive Tree Deli, Generation Barber Shop and Copy Experts on the ground level. Nearby transportation options include the 1 subway line at the corner of Broadway and 116th Street, or the M104 and M4 bus routes at the intersection of Broadway and 122nd Street. The building features 3,000 square feet of retail and 45,060 square feet of apartment space, averaging 1,252 square feet per unit.

  1. 145 Henry St., Brooklyn
    Sale Price: $22,000,000

Currently home to Heights Pediatrics and 1776 Realty Co., this 1922-built property in Brooklyn Heights comprises 40,410 square feet. The building features 42 residential units averaging 962 square feet. The 2/3 subway lines are located less than a mile away at the corner of Clark and Henry Streets, as well as the B25 bus route situated at the intersection of Cadman Plaza and Clark Street.

  1. 441 Ocean Ave., Brooklyn
    Sale Price: $21,417,000

Built in 1924 and last updated in 1982, this Flatbush-located property comprises 115,374 square feet across six stories. The ground floor is leased to Flores Enterprises. Nearby transportation includes the B and Q subway lines at the corner of St. Paul’s Place and Caton Avenue, as well as the B16 bus route at the intersection of Ocean and Caton Avenues. Housing 84 units averaging 1,374 square feet, the building was purchased along with 1745 Canton Ave. by Meridian Properties, according to The Real Deal. The total acquisition price for the portfolio $35.3 million.

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