Upper Manhattan multifamily sales jump 42% in 2016

Multifamily property sales in Upper Manhattan climbed an impressive 42 percent year-over-year in 2016, even as the number of deals declined, according to a new year-end report from Ariel Property Advisors. Sales of multifamily properties totaled $2.8 billion for the year, up from $2 billion in 2015, the report shows. The 9 percent decrease in […]

NYC multifamily sales hit 8-month high in November

The New York City multifamily market reached an eight-month high in November, with six large transactions—priced at $100 million or above—accounting for 77 percent of the month’s activity. Overall, New York City saw 34 transactions totaling $1.68 billion in November, up from $760 million in October. That’s according to a new multifamily report from Ariel […]

Firm Capital partners with Rhodium on $37M Upper Manhattan portfolio buy

The Firm Capital Organization, a private equity shop based in Toronto, joined with Rhodium Capital Advisors to buy a Central Harlem multifamily portfolio for $37 million, or nearly $400 per square foot. The eight-building portfolio comprises 127 apartments and two retail units across 94,572 square feet. The buildings are located at 200-222 West 149th Street, […]