In July, the NYC multifamily market achieved $293 million in gross consideration across 20 transactions. Comparative to June, there were only 4 fewer sales, representing a 17% decrease in transaction volume. Despite fewer transactions, there was virtually no difference in dollar volume. When analyzing year-over-year metrics, there were 3 more transactions and a 48% increase in building volume this month than in July 2019.
Prime Location on the Corner of Arlington Avenue and W 231st Street: 3103 Arlington Avenue
The property is improved by a 5-story, 14,247 (approximately) square foot elevator building at the northwest corner of West 231st Street and Arlington Avenue that will be delivered vacant.
Corner Community Facility Opportunity for Owner-Users / Non-profits: 1703 Lurting Avenue
The existing structure consists of 2-stories above grade, a fully built basement and attic space that measures approximately 11,140 gross square feet. The basement, first, and second floors contain communal spaces such as studies, offices, kitchens, and a chapel. Living quarters are scattered throughout the first and second floor and the attic is currently unoccupied.
20,250 GSF, 24-unit Multifamily Walk-up Building:
756 Fox Street
The property is a 5-story, 20,250 square foot corner walk-up building that contains 24 apartments. The building is comprised of (4) four studios, (5) five one-bedrooms, (14) fourteen two-bedrooms, and (1) one three-bedroom.