Top 5 Multifamily Sales Recorded in July 2017
- 755 White Plains Road, Bronx
Sale Price: $70.9 million
Featuring six stories, this elevator apartment building comprises 948 units totaling 970,383 square feet, at an average size of 1,024 square feet. The property also includes 36,088 square feet of office and 15,281 square feet of retail space. Stevenson Commons Housing Co. purchased the asset, located in the Clason Point neighborhood.
- 331 E. Houston St., Manhattan
Sale Price: $61.5 million
The 78-unit building was constructed in 2014 and offers 13 levels. The average apartment size is 687 square feet, with the property totaling 53,602 square feet. There is also 3,526 square feet of space available for other uses. Located on the Lower East Side, the asset sold for $1,076 per square foot and offers close access to the orange subway line.
- 385 Fort Washington Ave., Manhattan
Sale Price: $40.1 million
Sold along with 395 Fort Washington Ave., this six-story elevator apartment asset features 64 units at a total of 52,850 square feet. There are also three commercial units included, which comprise 4,000 square feet of office space. Located in the Washington Heights neighborhood, the property sits right on the blue subway line and was last altered in 1986.
- 97 Grand St., Brooklyn
Sale Price: $35.3 million
Comprising 60,210 square feet, this Clinton Hill property was built in 2007. Featuring 62 units, the average apartment size comes to around 971 square feet. The building was purchased for $585 per square foot.
- 12 Perry St., Manhattan
Sale Price: $25 million
Located in the Greenwich Village Historic District, the property sold for $1,401 per square foot. Featuring 21 residential and six commercial units, the total square footage of the building comes to 17,826, comprising 14,855 square feet of residential and 2,971 square feet of retail space. The asset is within close proximity to the blue and red subway lines.