2015 was a busy year for NYC commercial real estate! While Manhattan certainly boasts the title for the most top 20 multifamily property sales over the last 12 months, Brooklyn, Queens, and The Bronx make appearances too.

Find out who the biggest deal-makers were, and what they paid hundreds of millions of dollars for:

1. 240 1st Avenue, Manhattan

Sale Price: $4,111,111,766

240 1 Avenue

This monumental transaction elevated Blackstone Properties to being one of the top residential landlords in the country. Comprised of two communities, 56 buildings, and over 11,000 units, the Stuyvesant Town – Peter Cooper Village transaction actually takes up both first and second positions on this list; for a combined total of over $5.4B.

2. 342-392 1st Avenue, Manhattan

Sale Price: $1,345,485,020

Blackstone’s second part of the above deal to take over one of the most expensive slices of NYC real estate.

238-256 19 Street
238-256 19 Street

3. 238-256 W 19th Street, Manhattan

Sale Price: $196,705,000

Records show this Chelsea apartment building boasts 200 residential units, and 2 commercial units. The residential square footage exceeds 140,000 and the property was built in 1986.

4. 30 Park Avenue, Manhattan

Sale Price: $179,000,000

One of Thor Equities major plays in NYC; this Murray Hill apartment building adds over 200 rental units to the firm’s portfolio. According to The Real Deal the previous owner is believed to be a collaboration of BlackRock and CalPERS.


236 N 10 Street
236 N 10 Street

5. 236 N 10th Street, Brooklyn

Sale Price: $169,000,000

The only Brooklyn building to make the top ten, this Williamsburg multifamily building evidences the borough’s trendy position as one of the most desirable in the city.

6. 362-372 2 Avenue, Manhattan

Sale Price: $167,500,000

Like Hugh Heffner’s recent listing of the Playboy mansion, the Tausik family reportedly hoped to get as much as $200M for this Gramercy Park apartment building. The Petersfield holds 202 residential units, and 9 commercial units, with tenants including Hollywood Salon, the gourmet Pushcart Coffee, and craft beer and cheese magnet Malt & Mold.

411-425 W 51 Street
411-425 W 51 Street

7. 411-425 W 51 Street, Manhattan

Sales Price: $156,500,000

This transaction proves the heat in Hell’s Kitchen’s real estate market still hasn’t gone out. Just steps from great dinning, and the Hell’s Kitchen Flea Market, this luxury elevator apartment provides the new owner 160 prime residential rental units.

8. 75-25 153rd Street, Queens

Sale Price: $134,000,000

A&E Real Estate picked up this monumental complex in Kew Gardens Hills, Queens, also known as The Opal. Although records show years of permitting struggles, the new sales price proves to be quite a phenomenal win for the seller, the Dermot Co.

210 W 70 Street
210 W 70 Street

9. 210 W 70th Street, Manhattan

Sale Price: $133,000,000

Lincoln Square has been one of NYC hottest neighborhoods across multiple property types over the last year. Known as Stonehenge 70, this 185 residential unit complex, with restaurant on the ground floor, offers a blend of modern luxury inside, with a touch of 1920’s charm.

It’s worth noting the building was originally marketed as a condo conversion, and that SL Green had purchased an estimated 50% stake in the new owners’ portfolio in 2014.

10. 257-271 South Street, Manhattan

Sale Price: $115,000,000

This Two Bridges deal just off of FDR Drive, was a collaboration between L+M Development and Nelson Management Group, the New York Affordable Housing Preservation Fund, and Citi Community Capital. This is the second recent acquisition along the riverside for L+M.


Here’s the full top 20 most expensive NYC multifamily sales of 2015; the Bronx actually makes an appearance, while NoMad and Coney Island demand they aren’t forgotten with $82M, and $68M deals.

Top 20 NYC Multifamily Sales in 2015

#AddressSale PriceSale DateBoroughNeighborhoodBuyerSeller
1240 1 Avenue$4,111,111,76618-Dec.ManhattanStuyvesant TownBPP ST Owner LLC C/O Blackstone Property Advisors L.P.ST-DIL LLC C/O CW Capital Asset Management LLC
2342-392 1 Avenue$1,345,485,02018-Dec.ManhattanPeter Cooper VillageBPP PCV OWNER LLC C/O Blackstone Property Advisors L.P.PCVST-DIL LLC C/O CW Capital Asset Management LLC
3238-256 W 19 Street$196,705,55810-Sep.ManhattanChelseaBRE FSC Multifamily Borrower LLC250 B19 LLC; 250 BC19 LLC; 250 L19 LLC; 250 A19 LLC; 250 M19 LLC; 250 R19 LLC; B&L Management
430 Park Avenue$179,000,00012-Mar.Manhattan
Murray HillThor 30 Park Avenue LLC C/O Thor Equities LLCWM 30 Park LLC
5236 N 10 Street$169,000,0001-May.BrooklynWilliamsburgBrklyn NY 250 N 10th Street Owner LLC C/O Teachers Insurance And Annuity Association Of America250 North 10th Street LLC
6362-372 2 Avenue$167,500,0008-May.Manhattan
Gramercy Park5504-301 E 21st Street Manhattan LLC C/O Akelius US LLCFreedonia Realty LLC & Tausik Brothers LLC
7411-425 W 51 Street$156,500,00020-Aug.Manhattan
Clinton - Hell's KitchenGaia 416 West 52nd Street LLC416-432 West 52nd Street LLC
875-25 153 Street$134,000,00022-Jul.QueensKew Gardens Hills75-25 153rd Street LLC C/O Stroock & Stroock & Lavan LLP153rd Street Associates LLC C/O Dermot Realty Management Co. INC.
9210 W 70 Street$133,000,00015-Dec.Manhattan
Lincoln SquareSP 210 W 70 LLC C/O Stonehenge210 West 70 Owner LLC
10257-271 South Street$115,000,0009-Feb.Manhattan
Two BridgesHP Two Bridges Housing Development Fund Company, I C/O NYC Housing Partnership Development Corp.LE I Apartments LLC
11103-119 N 3 Street$92,250,00030-Apr.Brooklyn
WilliamsburgWB Berry Street LLC C/O Waterbridge Capital LLCBerry Enteprises USA LLC
121501 Lexington Avenue$92,000,00012-May.Manhattan
Carnegie Hill1501 Lex Owner LLC C/O Cammebys Intl. LTD1501 Associates L.P. C/O Kenbar Management
135530-5572 Netherland Avenue & 5535-5565 Netherland Avenue$89,000,00016-Jun.The BronxNorth Riverdale5530-5572 Netherland Avenue LLC C/O Stroock & Stroock & Lavan LLPRiverdale Gardens Associates LLC C/O Axelrod Management
1445-46 Pearson Street$84,002,40015-Apr.Queens
Hunters PointGSLM Capital Partners LLCPearson Capital Partners LLC
1531-37 E 31 Street$82,431,00010-Sep.ManhattanNoMadBRE FSC Multifamily Borrower LLC31 E 31 LLC C/O B&L Management
1623-45 Caton Place$75,925,00029-Jan.BrooklynWindsor TerraceEIB Kestrel LLCCaton Realty Holdings LLC
17308 E 38 Street$75,000,00030-Jan.Manhattan
Murray HillGaia 308 East 38th Strett LLC308 East 38th Street Apartments Investors LLC C/O UBS Realty Investors LLC
18220-224 E 22 Street$73,800,00024-Sep.Manhattan
Gramercy Park210-220 E 22nd Street SSGA Owner LLC C/O Prudential Real Estate Investors220 East 22nd Street LLC C/O Broad Street Development
19225-233 W 23 Street & 220-226 W 24 Street$72,900,00028-Jul.Manhattan
Chelsea23rd Street Owner LLC C/O Atlis Capital Group LLC2324 Realty LLC C/O Rao & Rao LLC
20311-329 W 50 Street$72,000,00023-Mar.BrooklynClinton - Hell's Kitchen311 West 50 Realty LLC C/O The Torkian GroupWest 50th (DEL) LLC C/O Douglaston Development LLC
Andra Rus

Andra Rus

With 10+ years of experience at PropertyShark, Andra covers the latest product updates and market reports for our blog. Her work has been featured in The Real Deal, Curbed, TimeOut, The Daily Mail, Business Insider, Crain’s New York.

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