Top 5 NYC Multifamily Sales

PropertyShark compiled the top 5 multifamily sales for May 2018 in New York City.
Source: PropertyShark, a Yardi Systems Inc. company
  1. 1155 Pennsylvania Ave., Brooklyn
    1155 Pennsylvania Ave., Brooklyn

    Sale Price: $904,612,895

Sold in a portfolio with 1461, 1506, 1279, 1266, 1325 and 1350 Pennsylvania Ave., as well as 186 and 177 Vandalia Ave., 1540 Van Siclen Ave., 1426 Freeport Loop, 180 Bethel Loop, 155 Schroeders Ave. and 1260 Croton Loop, this 20-story property comprises 997,720 square feet across five buildings. Built in 1971, the asset was last updated in 2010 and features 780 units, averaging 914 square feet. The nearest subway to the community is the L train located 0.76 miles away at the corner of Turnbull Avenue and East 105th Street.

  1. 1965 Lafayette Ave., Bronx
    Sale Price: $22,542,058

Comprising 353 units across 21 stories, this elevator apartment building was constructed in 1969. Totaling 400,932 square feet, the community offers an average sized unit of 1,136 square feet. Located in the Bronx’s Unionport neighborhood, the asset offers access to the 6 subway line at the corner of Metropolitan Avenue and Westchester Avenue, as well as the BX5 bus at the corner of Turnbull Avenue and Pugsley Avenue.

  1. 41 W. 24th St., Manhattan
    Sale Price: $16,950,000

Built in 1910 and last updated in 2014, this NoMad neighborhood property offers 12 residential units. The asset totals 15,686 square feet across eight stories, with 2,000 square feet of ground floor retail leased to Chop Shop II. The nearest subway line is the F/M, which can be reached at the corner of Sixth Avenue and 23rd Street, within walking distance from the building.

  1. 140 Columbia Heights #5, Brooklyn
    Sale Price: $15,500,000

Home to five apartments totaling 1,415 square feet, this property features four stories and was built in 1840. Totaling 7,075 square feet in Brooklyn Heights, the asset offers a quick commute to Manhattan via the 2/3 subway line, located 0.2 miles away at the corner of Clark and Henry Streets.

  1. 24 St. Marks Place, Manhattan
    Sale Price: $12,900,000

This property is within 0.1 miles from the nearest subway line, the 6 train at Fourth Avenue and East Eighth Street, as well as the M8 bus at St. Parks Place and Third Avenue. Comprising 17 units across six stories, the building totals 12,374 square feet. Apartments are at an average of 648 square feet. The asset also features 2,000 square feet of ground floor retail, which was most recently leased to Caffeebene before closing.