Top NYC Multifamily Building Sales—March 2024

The metro’s top deals for the sector, rounded up by PropertyShark.

Sale Price: $27,500,000

Witnick Real Estate Partners acquired the 62-unit multifamily building in Brooklyn’s Clinton Hill neighborhood from Madison Realty Capital. The seven-story property is originally built in 2007 and is totaling 60,210 square feet. Arbor Realty Trust issued an acquisition loan totaling $18.3 million.

Sale Price: $12,005,000

A private seller sold the 7-unit multifamily asset in Manhattan’s neighborhood of Greenwich Village to California-based Woodwest Business Management. Totaling 3,822 square feet, the multifamily asset is composed of two four-story buildings.

Sale Price: $11,250,000

Alchemy Ventures purchased the 36-unit multifamily asset in Upper West Side from a private seller. The six-story, 22,728-square-foot property is subject to two loans—a $5.9 million loan and a second $3.6 million loan, both held by Greystone Servicing Co.

Sale Price: $11,000,000

A private investor purchased the 4,080-square-foot multifamily building from multiple private sellers. The property includes three residential units and is situated in the West Village neighborhood of Manhattan. Bank of America issued a $5 million acquisition loan with a maturity date in 2039.

Sale Price: $8,100,000

An entity affiliated with Steve Croman’s Centennial Properties N.Y. sold the 10-unit multifamily building in the borough’s Chelsea neighborhood. A private investor purchased the five-story building, that encompasses 5,125 square feet of space and is originally bult in 1905. The buyer is an entity leading to TARGO Capital Partners, according to Traded.co.