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New York City’s multifamily volume totaled $2.21 billion in Q1 2025, a 62% year-over-year increase with sales largely concentrated in free market assets, according to Ariel Property Advisors Q1 2025 Multifamily Quarter in Review New York City. Transaction volume rose 5% from Q1 2024 to 269.
3 Building, 61 Unit Affordable Housing Portfolio with Assumable Financing: Lenox Powell Portfolio
APR
23
Package of three (3) post year-15 LIHTC, buildings located in Central Harlem; Portfolio consists of 59 residential units and two (2) commercial units
78.92’ Wide, 60,374 BSF Mixed-Use Development Opportunity: 2245-2249 2nd Avenue
APR
23
60,374 BSF with Mandatory Inclusionary Housing; 78.92’ of retail frontage along 2nd Avenue
Corner 53-unit Walk-up Multifamily Property: 2758 Cruger Avenue
APR
15
2758 Cruger Avenue is a 53-unit, 6-story walk-up building with 100’ of frontage and approximately 48,800 gross square feet. The property is situated in a desirable location throughout the Bronx, surrounded by a plethora of neighborhood attractions such as the New York Botanical Garden & the Bronx Zoo.
