The top 5 NYC multifamily building sales for July 2026 have been reported, with several notable deals taking place across the city. One such deal involves L+M Development Partners selling a 209-unit, two-property multifamily portfolio in Manhattan Valley to Nuveen Real Estate.
Ariel Property Advisors negotiated on behalf of the seller, while Walker & Dunlop originated a $37.5 million Fannie Mae loan with a five-year term. The portfolio comprises a four-building community at 200 Manhattan Ave, which dates back to 1890 and includes 181 units with an average unit size of 622 square feet.
The other property is a seven-story building at 133 W. 104th St, built in 1950, and includes 28 residences with an average unit size of 1,093 square feet. Another notable sale is a 48-unit residential community in Greenwich Village, purchased by a private investor from Douglaston Realty Management.
Woori America Bank originated a $17.6 million loan for this deal. The community, comprising four five-story buildings, dates back to the 1900s and was last renovated in 2014, featuring 48 Class A units with an average unit size of 483 square feet and 3,800 square feet of retail space.
Prosper Property Group has acquired a TriBeCa lot from Forum Absolute Capital Partners, with plans to develop a 23-condominium project. Kriss Capital issued a $68 million financing package through an acquisition loan and two construction notes.
Charney Cos. has bought a five-building residential asset in Brooklyn from Calmwater Capital, with BH3 Management issuing a $17 million acquisition loan. The property, completed in 2011, comprises five-story buildings and 49 units in the Williamsburg neighborhood.
Charney Cos. plans to upgrade the vacant property, originally built in 1907. In another deal, Penn South Capital has sold a six-story residential building in Chelsea to an entity affiliated with Maruishi Pharmaceutical Co., a Japanese pharmaceutical company.
The property includes 23 residential units with an average unit size of 442 square feet and 2,450 square feet of retail space. These sales demonstrate the ongoing activity in the NYC multifamily market, with various investors and developers involved in notable deals across the city.
According to the filing, the lot at 65 Broadway was entitled to a 23-unit, six-building project estimated to reach completion in 2018, although construction stalled around 2019 and the site remained empty until the recent acquisition by Prosper Property Group.