Top 5 Multifamily Sales Recorded in June 2017
- 56 W. 11th St., Manhattan
Sale Price: $37,750,000
Standing at nine stories in Greenwich Village, this elevator apartment building houses 36 residential units totaling to 27,184 square feet and averaging 755 square feet per unit. Originally built in 1912, the property is transit-oriented, providing quick access to the orange and blue subway lines.
- 351-355 W. 54th St., Manhattan
Sale Price: $34,000,000
A 34,810-square-foot apartment building constructed in 2014, the property features 33 residential units, a garage and storage space. Total square footage of the apartments comes to 31,843, with an average size of 965 square feet. The asset stands seven stories in the Clinton neighborhood.
- 888 Grand Concourse, Bronx
Sale Price: $28,000,000
Featuring 10 commercial units comprising 8,000 square feet of office and 3,000 square feet of retail, this mixed-use property includes 81 apartments. Totaling 122,800 square feet, the six-story building offers an average unit size of 1,380 square feet and is located in close proximity to Yankee Stadium.
- 89-10 Whitney Ave., Queens
Sale Price: $23,350,000
Located in the neighborhood of Elmhurst, this 1941-built elevator apartment asset stands at six levels and includes 96 units totaling 89,293 square feet. The building features six free market and 92 regulated apartments. The buyer purchased the property for $261 per square foot.
- 4 Gramercy Park W., Manhattan
Sale Price: $23,094,094
On a 2,888-square-foot lot sits this four-story Gramercy Park asset featuring six residential units averaging 1,300 square feet of space. These converted dwellings were estimated to have been built in 1900. Last altered in 1985, the building offers a total of 7,800 square feet and close access to the green subway line.