The activity experienced by the New York City multifamily market during the third quarter of 2018 was very similar to the activity observed during 2Q18, with significant year-over-year increases compared to 3Q17. Institutional-level transactions were recorded at levels exceeding those that were observed last year.
Corner Development Site Near Montefiore Medical Center:
3515-3519 Bainbridge Avenue
An incredible 105,821 BSF development opportunity located in a Qualified Opportunity Zone across the street from the Montefiore Medical Center in the Norwood neighborhood of the Bronx
Prime Chelsea Retail Condo:
358 West 23rd Street
This 3,390 SF condominium unit is currently built out as a restaurant and consists of 2,400 SF of ground floor selling space with a vented commercial kitchen and an additional 990 SF of usable below grade office/food storage area.
Two Mixed-Use Buildings in Brooklyn Heights:
99 & 103 Atlantic Avenue
A pair of four-story mixed-use buildings located in the Brooklyn Heights Historic District, these properties are 25’ wide individually, span approximately 10,875 gross square feet collectively, and contain 11 residential units, of which 10 are a free market, and two ground-floor retail units.