Top 5 Multifamily Sales Recorded in April 2017
Sold in a portfolio with 430 E. 58th St. and 432 E. 58th St., this Old Law Tenement building stands four stories and totals 4,960 square feet. The property was last updated in 2016 and houses eight residential units at an average of 620 square feet. Gamma Real Estate purchased the Sutton Place property originally built in 1900.
This elevator apartment building features 498 residential units and 22 commercial units. At a total of 547,382 square feet, 30,000 of that retail occupied by Blimpie, Fiesta Auto Insurance, the Tashman & Goodman law office, ERA Champions Realty, Jo-Jo Pizza & Burgers, Sunny Fashions and Café Lincoln, among others. Standing 25 stories tall, the property features residential units with an average square footage of 1,039.
Located in the Lenox Hill neighborhood, the property offers six residential units and one commercial unit. Each apartment is on average 1,000 square feet; there is also 3,276 square feet of ground-floor retail dedicated to clothing store Moga. Last altered in 1986, the building houses a total of 9,276 square feet.
Sold along with 1139-1147 Banner Ave., this 45-unit apartment building offers a total of 56,652 square feet of residential space, with an average unit size of 1,259 square feet. Built in 2007, the asset comprises 12 stories.
Purchased by Viaveb LLC, the 1910-built property offers 52 units across its six stories. The total 51,144-square-foot asset includes 4,000 square feet of retail occupying the likes of Edible Arrangements, 720 Shoe Repair, Don Quixote Travel and Bennett Wine & Liquors.