The New York City multifamily market registered positive year-over-year gains during the first quarter of 2018. The city saw more transactions and higher dollar volume this quarter than any other in the prior year. In fact, dollar volume was the highest since 4Q16 while transaction volume was the highest since 3Q16.
119,370 BSF Block-Through Development Site:
West 165th/166th Street Assemblage
An exceptionally rare development opportunity of significant scale in Washington Heights, consisting of eight lots with extensive frontage on 165th and 166th Streets and on Edgecombe Avenue with a zoning lot area of 31,576 SF with R7-2 zoning.
Corner Mixed-Use Building in Brooklyn Heights:
77 Atlantic Avenue
This 7,895 square foot, 4-story, mixed-use walkup building is situated on the corner of Atlantic Avenue and Hicks Street and is comprised of two commercial units and six apartments.
Two Elevatored Multifamily Buildings:
11-15 Broadway & 30-50 21st Street
These large multifamily buildings, located in the prime western Queens neighborhood of Astoria, were built in 2011 and 2012 respectively and benefit from a 421-A tax abatement. Accordingly, all units are rent stabilized, with taxes currently averaging $0.75 per square foot.