New York City recorded $1.44 billion in multifamily sales in Q1 2024, a 23% increase from Q1 2023, according to Ariel Property Advisors’ Q1 2024 Multifamily Quarter In Review New York City.
Value-Add Conversion Opportunity in Central Harlem: 345 West 123rd Street
MAY
15
3,400 SF SRO building located mid-block on a private tree-lined street on the border of Central and West Harlem; Building will be delivered vacant, offering significant upside and a variety of potential future uses including a rental building, owner/ user building, or single-family townhouse
Vested 421a Development Site with 74,000 BSF: 60-14 Beach Channel Drive
MAY
13
60-14 Beach Channel Drive features an advantageous 421a tax incentive and spans 74,000 square feet of buildable space. The property offers a prime opportunity to build a residential or mixed-use project on the property.