the New York City multifamily market transaction volume will be significantly affected by CoVID-19 in Q2. As of now, we have tracked minimal activity for this asset class during April and we project that the same will be the case in May and June.
Opportunity Zone Development Site 19,184 BSF:
521 West 134th Street
This site is situated in a rare Manhattan Opportunity Zone and benefits tremendously from it’s close proximity to City College, Columbia’s Manhattanville Campus, the transformative Harlem Factory District, and the famous 125th Street thoroughfare.
39,109 SF Mixed-Use Conversion Opportunity with Approved Plans:
657-665 5th Avenue
The subject property is a minute drive to both the Gowanus and Prospect Expressways, allowing nearly unfettered access to Manhattan, Queens, New Jersey and Long Island. It is also located 0.3 miles from the Prospect Avenue D, R and W train station, which provides transporation into lower Manhattan in less than 20 minutes.