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Multifamily Real Estate
Long Island multifamily complex trades hands for $150M
March 07, 2019 03:30PM
Long Island just saw one of priciest sales of a single multifamily property in the last five years. Friedkin Realty Group bought the Allure...
Zara Realty hit with suit from AG alleging tenant harassment, rent-stabilization violations
March 01, 2019 12:05PM
UPDATED, 2:54 p.m., Mar. 1: Attorney General Letitia James and Gov. Andrew Cuomo are taking action against multifamily landlord Zara Realty for allegedly harassing tenants...
Kushner Cos. picks up $1.1B suburban multifamily portfolio
February 22, 2019 10:40AM
Kushner Companies has made its largest acquisition since it paid a record $1.8 billion for 666 Fifth Avenue more than a decade ago. Kushner...
The rental rush: Developers in Westchester are on a multifamily building spree
February 21, 2019 10:45AM
Westchester County is playing catch-up. “We’ve really had very little development over the last 20 years,” said Martin Ginsburg, founder of Ginsburg Development Companies...
As investors fear reforms in Albany, Rego Park multifamily portfolio hits market asking $210M
February 21, 2019 09:00AM
Could this be the litmus test for the multifamily market in a Democratic-controlled Albany? A family with a portfolio of Rego Park apartment buildings...
Suit against Isaac Kassirer raises questions over Fannie and Freddie’s increased lending on NYC multifamily
February 19, 2019 10:30AM
More known for backing single-family loans, Fannie Mae and Freddie Mac have seen their involvement in rental mortgages grow dramatically since 2008. Though the...
Isaac Kassirer refis part of Dawnay Day portfolio with $189M Freddie Mac loan
January 24, 2019 01:15PM
Isaac Kassirer’s Emerald Equity Group refinanced a portion of its huge Dawnay Day multifamily portfolio in East Harlem with a $189 million loan from...
Parkoff Organization closes on 6-building multifamily portfolio
January 17, 2019 04:05PM
The Parkoff Organization has closed on a deal to buy five multifamily buildings in Brooklyn and one in Queens from Morris Weintraub Associates. The...
Manocherian family picks up UES rental
January 15, 2019 03:45PM
The Manocherian family is adding to its vast multifamily empire with a $90 million rental building on the Upper East Side. The family’s Pan...
Greenpoint is getting another waterfront resi building
January 14, 2019 06:00PM
Quadrum Global plans to add a 173-unit residential building to the Brooklyn waterfront. The 14-story building would be located in Greenpoint at 53 Huron...
These were the 10 biggest new real estate projects of 2018
December 19, 2018 07:00AM
Over the past three years, residential buildings have taken up an increasingly large share of new projects in New York City. While they made...
Irving Langer’s E&M Associates sells Harlem apartment portfolio to Sugar Hill Capital for more than $250M
December 18, 2018 01:15PM
Irving Langer’s E&M Associates, one of the largest multifamily owners in the city, is selling another large portfolio of Harlem apartment buildings. Sugar Hill...
Multifamily investors should keep an eye on this market
December 08, 2018 04:15PM
Multifamily investors looking for places to put their cash may want to consider workforce housing. The market — which is rental communities for low-...
Critics accuse multifamily developers of building “terrible” cookie-cutter housing stock across the US
December 08, 2018 03:14PM
The proliferation of multifamily housing across major U.S. cities in the last few years has been great for battling the housing crisis in many...
Parkoff Organization in contract to buy 400+ unit multifamily portfolio for $115M
October 31, 2018 04:00PM
The Parkoff Organization has a deal in place to buy a multifamily portfolio with more than 400 apartments across Brooklyn and Queens for $115...
This San Francisco firm just made another buy in the Bronx
October 03, 2018 06:30PM
Prana Investments has purchased a Bronx portfolio for $28.4 million. The company bought 3115 Sedgwick Avenue, 1562 Thieriot Avenue and 1580 Thieriot Avenue from the...
Jonas Equities buys another Brooklyn apartment building for $32M
September 24, 2018 02:30PM
Brooklyn multifamily investor Jonas Equities has purchased another building in the borough. The company purchased a six-story, 121-unit apartment building at 2355 East 12th...
Starwood sells $835M multifamily portfolio to CapitaLand
September 20, 2018 04:45PM
CapitaLand has touched down in the United States multifamily market in a big way, courtesy of Starwood Capital. The Singapore-based investment firm acquired an...
“Selling a dream”: A wave of land listings marks shift in LA luxury resi market
These are some of the most notable resi sales of the week
Lower East Side residents sue city to stop controversial Two Bridges development
New York’s multifamily market got off to a slow start this year
As Brexit looms, British consulate pays $16M for Manhattan penthouse
February 2019 issue
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