As a direct result from the COVID-19 pandemic, the NYC multifamily market has experienced declining sales metrics for the second month in a row. The New York on Pause order was made effective last month resulting in the city recording $220 million in gross consideration which is a 22% decrease in dollar volume from March 2020.
Turn-Key/Recently Renovated, 10 Unit Multifamily Building: 211 Henry Street
The subject property is a five-story, 8,880 square foot, multifamily walk-up building that contains 10 residential units. Of the 10 units, 8 are free market and 2 rent stabilized, consisting of six 3-bedroom apartments and 4 2-bedroom apartments. This building was just gut renovated throughout and features top notch, condo-quality finishes.
Three (3) Building, 24-unit Multifamily Walk-up Portfolio: 1130-1134 & 1142 Bryant Avenue
Two contiguous 4-story multifamily walk-up buildings totaling 11,466 square feet containing 16 units and a 4-story, 5,696 gross square feet building consisting of 8-units.
16-Unit Walk-Up Building | Prime Queens Location:
35-12 99th Street
The 11,108 gross square feet building contains 16 residential units with an average of 705 square feet per unit. The unit mix consists of 13 one-bedroom and 3 two-bedroom apartments. There is 1 free market unit and the remaining 15 units are all rent stabilized, with 9 of them having preferential rent status.