In Q3 2023, New York City recorded a total dollar volume of $1.55 billion across 227 transactions, according to Ariel Property Advisors' Q3 2023 Multifamily Quarter in Review.
81-Unit Multifamily Building with J-51 Tax Abatement: 75 Wadsworth Terrace
6-story, 81-unit residential building located in the Fort George section of Washington Heights; Block-through lot with 294.5’ of frontage along Wadsworth Terrace
52,000 SF Residential Redevelopment Opportunity: 702 44th Street
6-story, 52,000 SF residential redevelopment opportunity on the southeast corner of 7th Avenue and 44th Street; Vacant since a 2019 fire, the structure was formerly made up of 54 residential units totaling 46,997 net SF and had condo sellouts north of $900/SF