The 5 Biggest Multifamily Sales of 2016 So Far
News Article
May 25, 2016
Stuyvesant Town and Caiola portfolio are hard acts to follow, but the city’s biggest multifamily investors are leaving it all on the negotiating table in 2016.
Why wait for New Year’s to look back on who’s dropped the most coin? The Real Deal combed through the year’s biggest multifamily deals to date, and laid it all out, from Downtown, to Harlem, to the Bronx.
The year’s biggest deal to date falls far short of last year’s titanic trades: Rockpoint Group dropped just $430 million or so for two Wall Street residential towers with 810 units (Stuy Town, you may remember, hit $5.3 billion). The second largest involved Emerald Equity Group’s Isaac Kassirer, who paid over $350 million for a collection of East Harlem buildings with a colorful history. Kassirer also struck the fifth biggest multifamily buy this year, grabbing a swath of rent-stabilized apartments in the Bronx.
Deals announced late last year, which closed in 2016, were excluded.
For entire article, click View Source below.
Why wait for New Year’s to look back on who’s dropped the most coin? The Real Deal combed through the year’s biggest multifamily deals to date, and laid it all out, from Downtown, to Harlem, to the Bronx.
The year’s biggest deal to date falls far short of last year’s titanic trades: Rockpoint Group dropped just $430 million or so for two Wall Street residential towers with 810 units (Stuy Town, you may remember, hit $5.3 billion). The second largest involved Emerald Equity Group’s Isaac Kassirer, who paid over $350 million for a collection of East Harlem buildings with a colorful history. Kassirer also struck the fifth biggest multifamily buy this year, grabbing a swath of rent-stabilized apartments in the Bronx.
Deals announced late last year, which closed in 2016, were excluded.
For entire article, click View Source below.