A snapshot of recorded transactions across Northern Manhattan above 135th Street for the second quarter of 2026, covering Hamilton Heights, Washington Heights, Central Harlem and Inwood - a predominantly rent-stabilized multifamily submarket.
A high-level review of Q2 2026 investment-sales activity in Northern Manhattan (above 135th) - volume, trends, and the five points that defined the quarter.
Four views of Q2 2026 activity - historical context, year-over-year composition, asset-class mix, and neighborhood concentration.
| Asset class | $ vol | % DV | % Tx | |
|---|---|---|---|---|
| Multifamily | $72.5M | 98.6% | 90.0% | |
| Development | $1.1M | 1.4% | 10.0% |
| Neighborhood | Tx | $ vol | |
|---|---|---|---|
| Hamilton Heights | 5 | $54.9M | |
| Washington Heights | 3 | $13.6M | |
| Central Harlem | 2 | $5.0M |
Each Q2 2026 transaction is plotted by neighborhood (street-level geocoding was unavailable, so points are clustered at neighborhood centroids). Bubbles are colored by asset class and sized by sale price - the $25.8MM HVII and $19.2MM HVIII multifamily portfolios in Hamilton Heights read as the dominant bubbles. Click any bubble for the deal details.
Near-term catalysts likely to shape Northern Manhattan deal flow over the next two quarters.
Two Hamilton Heights portfolios drove 61% of the quarter. Watch whether portfolio trades continue to set the pace in Upper Manhattan, where dollar volume swings sharply with the presence or absence of multi-building deals.
Nine multifamily trades at a ~$143K/unit median show a deep value-add bid for Upper Manhattan's regulated stock. Watch trade count and pricing as buyers underwrite the rent-stabilized basis against operating-cost pressure.
Much of the submarket's stock is rent-stabilized or income-restricted. Mission-oriented and value-add capital, along with programs such as Article XI and LIHTC, will shape which assets trade and at what basis into 2H 2026.
The quarter's 67% YoY gain rode two large portfolios. The pace of $10MM+ multifamily closings into 2H 2026 will track financing costs; an easing rate path would support continued portfolio activity in Upper Manhattan.
Complete transaction log for Q2 2026, sorted by activity date. Development trades show N/A for $/SF (the relevant metric is $/BSF); conversions, multifamily, retail, office and hotel show N/A for $/BSF (the relevant metric is $/SF). $/Unit is reported only for multifamily product with residential units. Footer $/BSF averages cover development trades only; $/SF averages exclude development.
| Address | Date | Price | Property type | Multifamily Unit Status | $/SF | $/BSF | $/Unit |
|---|---|---|---|---|---|---|---|
| 270 W 153rd St (1-2038-61) | 5/6/2026 | $4,000,000 | Multifamily | 50% - 75% RS | $185 | N/A | $142,857 |
| 511 W 151st St (1-2083-26) | 5/21/2026 | $2,800,000 | Multifamily | 75%+ RS | $105 | N/A | $90,323 |
| 120 Haven Ave (1-2139-289) | 5/28/2026 | $5,025,000 | Multifamily | 75%+ RS | $195 | N/A | $139,583 |
| 501 W 173rd St (1-2130-48) | 5/28/2026 | $4,750,000 | Multifamily | 50% - 75% RS | $273 | N/A | $215,909 |
| 2805 Frederick Douglass Blvd (1-2045-90) | 6/16/2026 | $1,050,000 | Development | N/A | N/A | $95 | N/A |
| 37 Overlook Ter (1-2180-60) | 6/18/2026 | $3,800,000 | Multifamily | 75%+ RS | $94 | N/A | $88,372 |
| 531 W 150th St (1-2082-17) | 6/18/2026 | $2,231,030 | Multifamily | FM (including 421a) | $530 | N/A | $371,838 |
| 510 W 144th St (1-2075-39) | 6/29/2026 | $4,850,000 | Multifamily | 50% - 75% RS | $117 | N/A | $112,791 |
| HVIII Portfolio | 6/30/2026 | $19,200,000 | Multifamily | Affordable Housing | $362 | N/A | $314,754 |
| HVII Portfolio | 6/30/2026 | $25,800,000 | Multifamily | Affordable Housing | $288 | N/A | $326,582 |
| AVERAGES | $7,350,603 | $239 | $95 | $200,334 | |||
| MEDIAN | $4,375,000 | $195 | $95 | $142,857 |
Reach out with questions on the data, the market, or specific transactions.
