Top 5 NYC Multifamily Sales
PropertyShark compiled the top 5 multifamily sales recorded in December 2019 in New York City.
- 115 Greenpoint Ave., Brooklyn
Sale Price: $29,000,000
Sold along with 111 Greenpoint Ave. and 105 Greenpoint Ave., this four-story walk-up building was constructed in 1930. The property features 16 residential units totaling 12,560 square feet, with an average unit size of 785 square feet. Residents of the property can reach the G subway line at the corner of Manhattan and Greenpoint Avenues. The B24 bus route is also located at the same location.
- 807 Park Ave., Manhattan
Sale Price: $24,000,000
Located in the Lenox Hill neighborhood, this townhouse-style building features 12 stories. The 6 subway line can be found at the corner of Lexington Avenue and 77th Street, as well as the M101 bus route at the intersection of Lexington Avenue and 74th Street. Built in 1932 and last upgraded in 1992, the property offers three residential units with an average square footage of 7,333, totaling 21,999 square feet for the building.
- 302 Mott St., Manhattan
Sale Price: $18,000,000
This NoHo walk-up building stands six stories and totals 20,227 square feet. The property was built in 1905 and last upgraded in 2015. The asset offers 48 residential units at an average size of 421 square feet. The B/D/F/M and 6 subway lines can be reached nearby, as well as the M21 bus route at the corner of Houston and Mott Streets.
- 171 First Ave., Manhattan
Sale Price: $14,000,000
Purchased in conjunction with 169 First Ave., this four-unit East Village property offers 8,340 square feet of residential and 2,085 square feet of retail space. Transportation options include the L subway line at the corner of First Avenue and 14th Street or the M15 bus at the intersection of First Avenue and 11th Street. The commercial space is home to Momofuku Noodle Bar. The building was constructed in 1900 and last upgraded in 2009.
- 1181 Sherman Ave., Bronx
Sale Price: $12,450,594
This property is situated in the Concourse Village neighborhood with convenient access to the B/D subway at the corner of Grand Concourse and 167th Street, or the BX35 bus route at the corner of Grant Avenue and 167th Street. According to The Real Deal, Paul Gjonaj of Group Gjonaj LLC sold the asset to a Borough Park-based LLC. The six-story building was developed in 2017 and features 43 apartments totaling 30,953 square feet.