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The Real Deal New York
New York’s multifamily market got off to a slow start this year
March 22, 2019 01:45PM
New York’s multifamily market kicked off 2019 slowly, seeing year-over-year declines in dollar volume, transaction volume and building volume. Overall, y, according to a...
HUBB NYC picks up Astoria apartment building in biggest Queens multifamily deal so far this year
March 14, 2019 03:00PM
In the priciest Queens multifamily deal so far this year, HUBB NYC Properties paid $75 million for a new apartment building in Astoria. The...
Fairfield lands $275M Freddie Mac financing for its recent Long Island portfolio buy
March 14, 2019 10:30AM
Fairfield Properties landed $275 million in financing from Freddie Mac for the acquisition of a multifamily portfolio in Nassau and Suffolk Counties. The $473...
Rabsky sells Williamsburg apartment building to UDR for $130M
February 15, 2019 01:15PM
The Rabsky Group sold one of its large Williamsburg multifamily buildings for $130 million to Denver-based landlord UDR, which is buying at a time...
Kassirer’s refinances another Harlem multifamily portfolio
January 31, 2019 04:15PM
Another day, another refinancing of a Harlem multifamily portfolio owned by Isaac Kassirer’s Emerald Equity Group. The real estate firm landed roughly $90 million...
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...
Carmel Partners raises $1.3B multifamily fund
January 09, 2019 05:00PM
Carmel Partners finished raising $1.28 billion for its latest U.S. multifamily fund. The San Francisco-based real estate investment firm secured commitments from more than...
Irving Langer’s E&M just sold off another big Harlem portfolio
January 08, 2019 01:30PM
Less than a month after selling a more than $250 million apartment portfolio, Irving Langer’s E&M Associates is at it again. The company is...
South Bronx multifamily portfolio trades for $24M
January 04, 2019 04:33PM
UPDATED, Jan. 7, 3:10 p.m.: A portfolio of apartment buildings in the Bronx sold for $23.75 million, amid a flurry of real estate sales...
Developers buy Bronx apartment portfolio for $75M in rare affordable play
January 02, 2019 12:00PM
UPDATED, 2:54 p.m., Jan. 2: Camber Property Group, Belveron Partners and the city’s Department of Housing Preservation and Development have spent $75 million to buy...
Why multifamily buildings don’t trade very often in Queens
November 19, 2018 07:00AM
Queens has been at the forefront of New York City’s development boom, with major new megaprojects rising from Astoria to Flushing. And with Amazon’s...
Bronx investor nearly doubles size of
Morris Heights resi project
November 14, 2018 03:30PM
Thanks to a recent neighborhood rezoning, Bronx investor Arjan Gjushi is nearly doubling the size of his Morris Heights multifamily development. Gjushi initially filed...
Vanbarton takes small loss on $75M sale of Windsor Terrace rental building
October 29, 2018 04:00PM
The Dermot Company has purchased a 126-unit multifamily building in Windsor Terrace for about $75 million, according to property records and sources familiar with...
Bridge Investment targets $500M in Opportunity Zone possibilities
October 20, 2018 11:00AM
A $12 billion real estate investment and management firm is the latest player looking to capitalize on the Opportunity Zones tax incentive development program....
The rental market is soft. So why are multifamily deals piling up?
September 17, 2018 07:00AM
New York City rents have been falling for two years, but the Blackstone Group just bet $500 million on the sector. The firm —...
Jonas Equities picks up a pair of Brooklyn apartment buildings for $46M
August 30, 2018 01:00PM
Brooklyn multifamily investor Jonas Equities picked up a pair of apartment buildings in Sheepshead Bay and Kensington for $46 million. The Kensington-based company bought...
Lendlease launches $2B multifamily fund
August 22, 2018 12:01AM
Australia-based construction giant Lendlease has co-launched a multifamily investment fund to create a $2 billion portfolio in the U.S. The company and its partner,...
Isaac Kassirer selling four Bronx multifamily buildings for $25M
July 31, 2018 08:30AM
UPDATED, 4:12 p.m. Aug. 1: A group led by Isaac Kassirer has sold four multifamily buildings in the Bronx, according to sources familiar with the...
USAA refinances Hell’s Kitchen rental building that it put up for sale
July 24, 2018 01:45PM
USAA Real Estate Co., DHA Capital and Patrinely Group have landed a $168.5 million loan for their multifamily rental building at 535 West 43rd...
Big rent-stabilized landlord sees backlash over facial recognition
Tish James, developer reach $100K settlement over lack of disclosure at 11 condo projects
JLL expands Brooklyn footprint with two retail hires
Here’s the latest high-priced closing at
Quinlan locks down $75M refi of Brooklyn Heights resi tower
March 2019 issue
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