Top 5 NYC Multifamily Sales

PropertyShark compiled the top 5 multifamily sales for March 2018 in New York City.
Source: PropertyShark, a Yardi Systems Inc. company
  1. 921 Washington Ave., Brooklyn
    921 Washington Ave., Brooklyn

    Sale Price: $53,250,000

Sold along with 941 Washington Ave., this elevator apartment building features 80,500 square feet of residential space, averaging 1,032 square feet per unit. Offering 79 apartments, the property stands six stories and was constructed in 1928. Last renovated in 2011, the asset is located in Crown Heights and offers convenient access to the F/S/2-5 subway lines and the B48 bus route.

  1. 1274 Fifth Ave., Manhattan
    Sale Price: $44,100,000

Acquired by Akelius Real Estate Management, the 54-unit property in East Harlem comprises 56,670 square feet, with an average apartment size of 1,049 square feet. Situated on a 12,110-square-foot lot, the building stands six stories and was last updated in 1996. The 2/3 subway lines are located within walking distance from the asset at St. Nicholas Avenue and Central Park North, while the M1/M2 bus routes are nearby, at Fifth Avenue and East 109th Street.

  1. 456 Grand St., Brooklyn
    Sale Price: $43,000,000

Currently owned by Bronstein Properties, this building in Williamsburg comprises a total of 74,572 square feet across six levels. The property offers 50 apartments at an average size of 1,242 square feet, as well as 10,000 square feet of ground floor retail leased to Tiger Schulmann’s Martial Arts. The asset was constructed in 2015 and is close to the G subway line.

  1. 230 W. 107th St., Manhattan
    Sale Price: $37,750,000

This elevator apartment building features 49,716 square feet across six stories. Estimated to have been built in 1925 and last updated in 1988, the property comprises 66 apartments with an average unit size of 742 square feet. Situated in Manhattan Valley, the asset was constructed on a 12,615-square-foot lot.

  1. 220 W. 107th St., Manhattan
    Sale Price: $32,750,000

Built in 1925, the building offers 60 apartments totaling 50,820 square feet, with an average unit size of around 861 square feet. The six-story property is within close proximity to the 1 subway line at the corner of Broadway and 104th Street, while the M116 bus route is just a few steps away, the corner of West 106th Street and Amsterdam Avenue.