Top 5 NYC Multifamily Sales

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

Source: PropertyShark, a Yardi Systems Inc. company

  1. 39 Waverly Ave., Brooklyn

    39 Waverly Ave., Brooklyn
    Sale Price: $67,250,000

Dubbed The Chocolate Factory, this 123-unit property was purchased by Meadow Partners from HK Org. The sale was subject to a $56.9 million loan held by Heitman, according to Yardi Matrix. As of October, the occupancy rate was at 95.9 percent. Floorplans are offered in studio, one- and two-bedrooms, ranging from 600 to 1,460 square feet. The building is located in the Navy Yard neighborhood. Amenities include fitness center, community room, children’s playroom, laundry facilities, 81 parking spaces, doorman, private balcony/patios and hardwood floors. The asset was built as a warehouse in 1920 and converted to multifamily in 2002.

  1. 360 Amsterdam Ave., Manhattan
    Sale Price: $53,200,000

The Olnick Org. acquired this 125-unit, Upper West Side property from Goldner Realty. According to Yardi Matrix, the sale was subject to a $50 million loan held by First Republic Bank. As of October, occupancy was at 96.1 percent. Floorplans at this 1929-built community are offered in studio, one- and two-bedroom layouts ranging from 450 to 1,200 square feet. Features include laundry facilities, doorman, hardwood floors and access to 116,412 square feet of ground floor retail.

  1. 1985-1987 Third Ave., Manhattan
    Sale Price: $20,750,000

Located in East Harlem, this property comprises 51,057 square feet of residential, 5,871 square feet of retail and 1,979 square feet of storage space. Apartments average 824 square feet across nine stories. Built in 1900 and last upgraded in 1987, the asset houses two commercial units. Nearby transportation options include the 6 subway line at the corner of Lexington Avenue and 110th Street, as well as the M103 bus route at the intersection of Third Avenue and 109th Street.

  1. 37 Perry St., Manhattan
    Sale Price: $19,250,000

This four-story building offers three apartments at an average square feet of 1,560 per unit. The ground floor includes 510 square feet of retail space. Developed in 1915, the building was last renovated in 1987. Situated within the West Village neighborhood, the property is within close proximity to several transportation options including the F/M, L and 1/2/3 subway lines at the intersection of Seventh Avenue and 12th Street.

  1. 308 W. 82nd St., Manhattan
    Sale Price: $18,650,000

Housing 49 apartments totaling 29,100 square feet, this building stands 12 stories in the Upper West Side. The property was built in 1906 and last upgraded in 1966. According to the New York Real Estate Journal, Lee & Associates arranged the sale of the property to investor Robert White. The asset offers 49 studio and one-bedroom apartments, as well as amenities such as gym, rooftop common area and laundry facility.

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