New York Commercial Real Estate | < 1 minute read
Top Most Expensive NYC Multi-Family Buildings in January 2016
BY Andra Rus | Feb 24, 2016
Riverton Housing Complex (Sale price: $200M)
January’s list of most expensive NYC multi-family buildings includes a good number of package deals as Related acquired its Bronx portfolio with properties on Carpenter Ave, Decatur Ave and Creston Ave. The top of the list is still dominated by properties in Manhattan and Brooklyn.
Most expensive multi-family deal
The Riverton Housing Complex – a complex that holds close to 1200 units – was the most expensive multi-family deal recorded in January 2016.
The NY Times reports that the sale included an agreement with the city to preserve 975 units as affordable housing, after the previous owner defaulted on their mortgage.
Check out the NYC multi-family buildings that sold for the biggest prices, based on sales recorded in January 2016:
Top NYC Multifamily Sales January 2016
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POSTED IN: New York Commercial Real Estate
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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