NYC

INTRODUCTION

Dear Friends and Investors,

With sales numbers in for the first three quarters of 2017, it has given us an opportunity to look back over the year to make and share some insights into the market.

Overall, across all of New York City, 2017 multifamily sales volume is down approximately 40%. However, for property valued over $25 million, the number of Peter Von Der Ahe transactions has declined approximately 50%. In addition to the decline in transactions, in properties above $25 million, we’ve seen the biggest adjustment in Marcus & Millichap values with the average price per foot of property sold in that category down almost 212.430.5114 10% (the average is $619 a foot across all boroughs). Below $25 million, in contrast, multifamily sales volume is down only 30% compared to last year, and prices are down approximately 6%.

Although there has been a slowdown in the number of sales and a softening somewhat in prices, by historical standards, values are still very high. The average cap rate for multifamily sales citywide is 4.1%, and the average price per unit in Manhattan is over $1 million! Even still, I expect the current pricing paradigm (of flat or slight declines) to persist into the future. Let me explain why.

Supply - Between 2017 and 2018, there will be approximately 50,000 new rental apartments delivered into the New York City marketplace. Primarily, those units will be delivered on Manhattan’s west side, downtown Brooklyn, and Long Island City. With the exception of these three areas, there are no neighborhoods which will be delivering significant amounts of new rental apartments. However, there will continue to be rehabilitated and repositioned buildings which offer “like new” units throughout the city. It’s hard to quantify accurately how many repositioned units are coming to market at any given time. Often, this repositioned rental product competes with new construction.

Demand – We are still in the middle of a demographic bubble of "renter age" population. This influx of renters will continue for several years. Further, homeownership rates continue to decline as millennials are more apt to rent than buy.

Overall, before pricing begins to rebound, rents must move up. From our numbers, it looks like that will occur around 2019 when the majority of the new supply and construction pipeline is absorbed. The good news is that after 2018, the pipeline of new construction drops off significantly.

Despite the market trends, our team has been extremely active this year, and we are on pace to sell almost 100 buildings in 2017. This is down about 9% from the number of buildings we sold last year.

We have found abundant capital searching for opportunities for well-located New York City multifamily properties. I look forward to your feedback, questions, and comments and wish you the best of luck for the remainder of 2017.

Best Regards,

e-mail: [email protected] MULTIFAMILY SALES REPORT

TABLE OF CONTENTS

SECTION I

Why NYM?

SECTION II Manhattan

SECTION III Brooklyn

SECTION IV Bronx

SECTION V Queens

SECTION V

Recent Commercial Debt Financing

NEWYORKMULTIFAMILY.COM NYC

SECTION I

WHY NYM?

NEWYORKMULTIFAMILY.COM LEARN WHAT MAKES US NYC’S LEADING MULTIFAMILY INVESTMENT SALES TEAM WHY NYM?

Our specialized focus in NYC mid-market multifamily real estate, backed by the power and resources of Marcus & Millichap uniquely positions us to create optimal opportunities for both private capital and institutional investments.

NICHE EXPERTISE MIDDLE MARKET

We specialize only in multifamily Backed by the nation’s largest properties, only in New York City, private client brokerage, we customizing our strategy bridge the gap between private around you. and institutional capital.

CREATING BROKERAGE OPPORTUNITIES AS A VERB

We are positioned to source We don’t simply market exclusive opportunities for our properties–we aggressively clients–sellers frequently become sell them in pursuit of the best buyers with NYM. outcomes for clients.

NEWYORKMULTIFAMILY.COM MULTIFAMILY SALES REPORT

LEADERSHIP

The number one multifamily investment sales team in New York City.

Peter Von Der Ahe Scott Edelstein Joe Koicim 212.430.5114 212.430.5137 212.430.5147 [email protected] [email protected] [email protected]

Shaun Riney Seth Glasser David Lloyd 718.475.4369 212.430.5136 212.430.5185 [email protected] [email protected] [email protected]

Michael Salvatico Thomas Shihadeh Dan Greenblatt 718.475.4358 718.475.4380 718.475.4375 [email protected] [email protected] [email protected]

NEWYORKMULTIFAMILY.COM NYM PERFORMANCE

Our specialized expertise, network, and team of superstars make for sales that are impressive, and always increasing. Our 24-month track record speaks for itself.

68 115 183

MANHATTAN SALES BOROUGH SALES TOTAL SALES

NEWYORKMULTIFAMILY.COM MULTIFAMILY SALES REPORT

TRANSACTION KEY

We research and understand the metrics on every sale in the marketplace. In certain cases, the current Cap Rate or Gross Rent Multiplier (GRM) will indicate a value that is inconsistent with the actual transaction. Therefore, for sales with special circumstances, we have created the below key to provide further clarity into the sale. For specific information on any transaction, feel free to contact us at 212.430.5114.

DELIVERED VACANT The property was either delivered vacant, sold on the basis of being vacant, or subsequently vacated. As a result, operating income and expense metrics are not relevant.

SOLD TO END USER The property was purchased with the buyer intending to occupy all or part of the residential or commercial (if applicable) portion of the property for their own use. Typically, user value reflects a premium over investor value.

REDEVELOPMENT The property was purchased with the assumption that all or a substantial portion of the property will be redeveloped, (e.g. conversion to condo). Therefore, the relevant operating metrics are not current operations, but are based on projections of potential future income and expenses.

REPOSITIONED The property was purchased with the buyer intending to transition the commercial space, (e.g. release to new tenant), substantially increase rents, or combine/separate the existing space(s). Therefore, the relevant operating metrics are unavailable.

ESTATE SALES The disposition of the property was supervised by an Executor or Administrator and not by the former owner. Estate sales can be affected by timing issues like taxes due or lacking someone to operate the property. The values achieved in an estate sale often reflect a transaction in which the decision maker may or may not have directly benefitted from the outcome.

The property was sold as a result of financial pressures from creditors– usually foreclosure or preforeclosure. Typically these pressures limit the seller’s ability to achieve fair market value.

NEWYORKMULTIFAMILY.COM NYC

SECTION II

MANHATTAN ANALYSIS This section is divided into 7 markets, featuring Manhattan multifamily sales from Q3 of 2017 valued over $1,000,000.

NEWYORKMULTIFAMILY.COM MULTIFAMILY SALES REPORT

NYC MARKET INDICATORS

All NYC Multifamily Sales 12-Month Comparison

SALES 37% Reduction in Sales Volume $/SF 3% Average Reduction in Price Per Square Foot

GRM 4% Average Reduction in Gross Rent Multiplier

25 Million+ Multifamily Sales Last 12 Months Previous 12 Months

$580,495 $/UNIT 18% $710,608 Average Reduction in $/Unit

$619 $/SF 9% $682 Average Reduction in $/SF

SALES 50% Reduction in Sales Volume

NEWYORKMULTIFAMILY.COM MANHATTAN

LARGEST MANHATTAN SALES

With a commitment to integrity, we operate with our ears to the ground.

47 East 34th Street Jones l.e.s September 2017 | $80,000,000 July 2017 | $61,250,000 110 Units 78 Units $776 Price/SF $966 Price/SF

321 East 22nd Street Washington House August 2017 | $60,928,000 July 2017 | $41,000,000 115 Units 95 Units $748 Price/SF $329 Price/SF

*Includes only single asset transactions

NEWYORKMULTIFAMILY.COM MANHATTAN

MANHATTAN Downtown

PROPERTY DATE PRICE UNITS CAPRATE GRM SF $/SF

Jones l.e.s Jul-17 $61,250,000 78 4.73% 17.00 63,410 $966 41-45 White Street & 74 Franklin Street Jul-17 $59,500,000 33 3.41% 19.74 55,000 $1,082 307-309 Mott Street Jul-17 $22,125,000 61 3.70% 18.76 15,925 $1,389 83-85 Worth Street Jul-17 $21,000,000 5 2.10% 34.30 20,700 $1,014 70-72 Laight Street Aug-17 $17,750,000 6 Redevelopment -- 12,507 $1,419 11 Essex Street Aug-17 $11,400,000 24 Delivered Vacant -- 8,506 $1,340 275 Canal Street Jul-17 $10,500,000 4 Delivered Vacant -- 11,000 $955 197 Madison Street Aug-17 $9,200,000 24 Delivered Vacant -- 11,321 $813 115 Division Street Jul-17 $4,400,000 10 1.79% -- 7,535 $584

Jones L.E.S. 41-45 White Street & 74 307-309 Mott Street 83-85 Worth Street 70-72 Laight Street Franklin Street

11 Essex Street 275 Canal Street 197 Madison Street 115 Division Street

For further details: Corey Isdaner Noah Kossoff 212.430.5162 646.805.1426 [email protected] [email protected]

NEWYORKMULTIFAMILY.COM MANHATTAN

MANHATTAN Greenwich Village, West Village, and East Village

PROPERTY DATE PRICE UNITS CAPRATE GRM SF $/SF

12 Perry Street Jul-17 $25,132,000 25 3.62% 19.83 20,474 $1,228 236 West 10th Street Aug-17 $21,000,000 34 2.86% 22.66 20,073 $1,046 145 West 10th Street Jul-17 $18,000,000 27 2.74% 24.51 16,800 $1,071 321 West 11th Street Sep-17 $11,625,000 20 3.10% 21.00 10,400 $1,118 153 Avenue B Jul-17 $6,625,000 5 3.12% -- 6,440 $1,029 21 Eighth Avenue Jul-17 $5,550,000 3 Sold To End User -- 1,854 $2,994 27 Avenue C Jul-17 $5,235,000 26 Value Add -- 9,960 $526

12 Perry Street 236 West 10th Street 145 West 10th Street 321 West 11th Street 153 Avenue B

21 Eighth Avenue 27 Avenue C

For further details: Corey Isdaner Noah Kossoff 212.430.5162 646.805.1426 [email protected] [email protected]

NEWYORKMULTIFAMILY.COM MANHATTAN

MANHATTAN Midtown East and Midtown West

PROPERTY DATE PRICE UNITS CAPRATE GRM SF $/SF 225 West 23rd Street & 220 West 24th Street Aug-17 $100,000,000 256 Repositioned -- 123,731 $808 12-18 West 55th Street Aug-17 $83,000,000 -- Redevelopment -- 150,000 $553 47 East 34th Street Sep-17 $80,000,000 110 Value Add -- 103,153 $776 321 East 22nd Street Aug-17 $60,928,000 115 Value Add -- 81,500 $748 240 East 28th Street Jul-17 $19,000,000 23 4.25% 18.95 17,569 $1,081 316 East 55th Street Jul-17 $16,975,000 41 2.80% 23.00 25,040 $678 345 East 33rd Street Jul-17 $7,200,000 17 Value Add -- 10,625 $678 458 West 51st Street Jul-17 $7,000,000 5 4.00% 19.44 4,120 $1,699 439 West 21st Street Sep-17 $5,720,000 6 1.87% 32.52 3,600 $1,589 52 West 28th Street Jul-17 $4,650,000 6 Repositioned -- 3,780 $1,230 305 West 29th Street* Jul-17 $4,300,000 1 Delivered Vacant -- 5,269 $816 *dormitory conversion to residential

225 West 23rd Street & 12-18 West 55th Street 47 East 34th Street 321 East 22nd Street 240 East 28th Street 220 West 24th Street

316 East 55th Street 345 East 33rd Street 458 West 51st Street 439 West 21st Street 52 West 28th Street

For further details: Corey Isdaner Logan Markley 212.430.5162 212.430.5194 [email protected] [email protected]

NEWYORKMULTIFAMILY.COM MANHATTAN

MANHATTAN Upper East Side

PROPERTY DATE PRICE UNITS CAPRATE GRM SF $/SF

168 East 82nd Street Sep-17 $13,000,000 15 3.70% 19.60 9,970 $1,304 331 East 81st Street Sep-17 $12,750,000 10 2.99% 19.60 10,606 $1,202 16 East 82nd Street Sep-17 $10,700,000 8 Repositioned -- 8,099 $1,321 1619 Second Avenue Jul-17 $9,100,000 12 4.60% 18.00 8,468 $1,075 445 East 78th Street Jul-17 $6,600,000 15 3.50% 20.48 7,016 $941 442 East 78th Street Sep-17 $6,575,000 20 3.20% 15.93 9,000 $731 453 East 83rd Street Sep-17 $5,900,000 7 2.90% 22.73 6,915 $853 354 East 89th Street Aug-17 $5,310,000 10 Delivered Vacant -- 6,570 $808

168 East 82nd Street 331 East 81st Street 16 East 82nd Street 1619 Second Avenue 445 East 78th Street

442 East 78th Street 453 East 83rd Street 354 East 89th Street

For further details: Danny Handweiler 212.430.5138 [email protected]

NEWYORKMULTIFAMILY.COM MANHATTAN

MANHATTAN Upper West Side

PROPERTY DATE PRICE UNITS CAPRATE GRM SF $/SF

123 West 78th Street Sep-17 $6,050,000 7 Sold To End User -- 3,636 $1,664 123 West 82nd Street Aug-17 $5,700,000 6 Value Add -- 4,108 $1,388 953 Columbus Avenue Aug-17 $4,600,000 12 5.00% -- 7,540 $610 304 West 106th Street Aug-17 $4,550,000 10 3.96% -- 5,810 $783 147 West 85th Street Jul-17 $4,240,000 9 2.98% -- 5,160 $822

123 West 78th Street 123 West 82nd Street 953 Columbus Avenue 304 West 106th Street 147 West 85th Street

For further details: Jacob Kahn Logan Markley 212.430.5155 212.430.5194 [email protected] [email protected]

NEWYORKMULTIFAMILY.COM MANHATTAN

MANHATTAN Harlem

PROPERTY DATE PRICE UNITS CAPRATE GRM SF $/SF

676 Riverside Drive Aug-17 $32,000,000 74 Value Add -- 69,240 $462 612 West 144th Street Aug-17 $25,000,000 68 3.50% 18.24 51,570 $485 230 East 124th Street Aug-17 $11,700,000 22 5.30% 15.98 20,448 $572 656 Saint Nicholas Avenue Aug-17 $10,000,000 30 4.90% 13.52 20,640 $484 3291 Broadway Jul-17 $7,630,400 55 Value Add -- 53,340 $143 302 West 114th Street Aug-17 $7,150,000 20 4.94% 14.99 8,915 $802 1484 Amsterdam Avenue Sep-17 $5,900,000 30 4.20% 13.49 15,929 $370 2918 F. Douglass Blvd. Sep-17 $3,650,000 12 Delivered Vacant -- 7,700 $474

676 Riverside Drive 612 West 144th Street 230 East 124th Street 656 Saint Nicholas 3291 Broadway Avenue

302 West 114th Street 1484 Amsterdam Ave 2918 Frederick Douglass Blvd.

For further details: Jacob Kahn 212.430.5155 [email protected]

NEWYORKMULTIFAMILY.COM MANHATTAN

MANHATTAN Washington Heights & Inwood

PROPERTY DATE PRICE UNITS CAPRATE GRM SF $/SF

Washington House Jul-17 $41,000,000 95 3.40% 16.65 124,789 $329 385 & 395 Ft. Washington Ave Jul-17 $40,100,000 123 Value Add -- 113,700 $353 326 Ft Washington Avenue Sep-17 $30,800,000 78 Repositioned -- 76,536 $402 1090 St. Nicholas Avenue Jul-17 $21,150,000 42 3.90% 17.83 51,550 $410 390 Wadsworth Avenue Sep-17 $12,500,000 42 3.60% 19.43 50,000 $250 130 Wadsworth Avenue Aug-17 $11,925,000 31 3.60% 16.22 35,582 $335 560 West 174th Street Aug-17 $11,600,000 42 4.80% 14.00 31,860 $364 82-84 Wadsworth Avenue Sep-17 $11,550,000 47 4.00% 14.00 38,875 $301 70 Post Avenue Sep-17 $8,493,333 40 3.90% -- 30,400 $279 520 West 204th Street Sep-17 $7,700,000 32 4.90% -- 20,330 $379 569 Academy Street Jul-17 $5,700,000 25 Value Add -- 13,265 $430 87 Post Avenue Sep-17 $4,330,000 20 Value Add -- 14,490 $299 467 West 164th Street Sep-17 $4,000,000 21 Value Add -- 9,795 $408

Washington House 385 and 395 Fort 326 Ft Washington Ave 1090 St. Nicholas Avenue 390 Wadsworth Avenue Washington Avenue

130 Wadsworth Avenue 560 West 174th Street 70 Post Avenue 520 West 204th Street 569 Academy Street

For further details: Jacob Kahn 212.430.5155 [email protected]

NEWYORKMULTIFAMILY.COM MULTIFAMILY SALES REPORT

SECTION II

BROOKLYN ANALYSIS This section features Brooklyn multifamily sales from Q2 of 2017 valued over $5,000,000.

NEWYORKMULTIFAMILY.COM MULTIFAMILY SALES REPORT

MARKET INDICATORS

Average Price Per Square Foot $921 BY MARKET NORTHERN $11,300,000 Total Sales Volume 1 Sale Total Number of Sales $633 EASTERN $51,000,000 1 Sale $624 WESTERN $95,425,000 6 Sales $244 CENTRAL $75,950,000 6 Sales

$275 SOUTHERN $41,389,667 4 Sales

NEWYORKMULTIFAMILY.COM BROOKLYN

LARGEST BROOKLYN SALES

With a commitment to integrity, we operate with our ears to the ground.

97 Columbia Heights 626 Bushwick Avenue August 2017 | $58,000,000 September 2017 | $51,000,000 49 Units 98 Units $641 Price/SF $633 Price/SF

307-309 Atlantic Avenue 1695 East 21st Street September 2017 | $19,000,000 September 2017 | $17,550,000 28 Units 61 Units $826 Price/SF $277 Price/SF

*Includes only single asset transactions

NEWYORKMULTIFAMILY.COM BROOKLYN

NEW YORK CITY Brooklyn

PROPERTY DATE PRICE UNITS CAPRATE GRM SF $/SF

97 Columbia Heights 31-Aug $58,000,000 49 Value Add -- 90,426 $641

626 Bushwick Avenue 20-Sep $51,000,000 98 5.00% 16.29 80,580 $633

EJ Flatbush Portfolio 25-Jul $27,000,000 146 Value Add -- 124,623 $217

307-309 Atlantic Avenue 7-Sep $19,000,000 28 4.20% 18.08 23,000 $826

1695 East 21st Street 14-Sep $17,550,000 61 4.16% 15.73 63,424 $277

The Jefferson-MacDonough 3-Aug $15,000,000 53 3.42% 19.15 50,553 $297

The Flatbush 9* 5-Jul $14,000,000 71 4.78% 13.94 72,100 $194

286 Clinton Avenue 12-Jul $13,300,000 35 3.91% 16.40 19,127 $695

524 Metropolitan Avenue 20-Sep $11,300,000 22 5.30% 14.98 12,269 $921

2255 Bedford Avenue 17-Aug $11,000,000 54 4.58% 13.50 43,576 $252

420 Tompkins Avenue 29-Aug $8,750,000 44 Finished Product -- 29,908 $293

185 Prospect Park West 1-Aug $7,200,000 10 3.90% 19.00 11,200 $643

4018 15th Avenue 2-Aug $6,739,667 33 Delivered Vacant -- 22,264 $303

340 Clifton Place 15-Sep $6,200,000 19 Delivered Vacant -- 14,128 $439

6701 5th Avenue 3-Aug $6,100,000 32 4.31% 14.13 21,108 $289

485-487 Pacific Street 17-Aug $6,000,000 20 2.80% 20.00 11,340 $529

215 33rd Street 6-Jul $5,800,000 23 4.69% 13.90 14,112 $411

461-463 6th Avenue 11-Aug $5,125,000 6 Delivered Vacant -- 6,800 $754

161 Utica Avenue 22-Aug $5,000,000 25 3.10% 17.33 19,570 $255

*Flatbush 9 includes 2102-2116 Regent Place, 2322 Bedford Avenue, 25 East 21st, 369 East 21st, 600 East 22nd, and 90 East 18th Street

For further details: Michael Salvatico Tom Shihadeh Dan Greenblatt 718.475.4358 718.475.4380 718.475.4357 [email protected] [email protected] [email protected]

NEWYORKMULTIFAMILY.COM BROOKLYN

NEW YORK CITY Brooklyn

97 Columbia Heights 626 Bushwick Avenue EJ Flatbush Portfolio 307-309 Atlantic Avenue 1695 East 21st Street

The Jefferson-MacDonough The Flatbush 9 286 Clinton Avenue 524 Metropolitan Avenue 2255 Bedford Avenue

420 Tompkins Avenue 185 Prospect Park West 4018 15th Avenue 340 Clifton Place 6701 5th Avenue

485-487 Pacific Street 215 33rd Street 461-463 6th Avenue 161 Utica Avenue

NEWYORKMULTIFAMILY.COM MULTIFAMILY SALES REPORT

SECTION III

BRONX ANALYSIS This section features Bronx multifamily sales from Q2 of 2017, above 40 units.

NEWYORKMULTIFAMILY.COM BRONX

MARKET INDICATORS

Average Price Per Unit BY MARKET Total Sales Volume Total Number of Sales

(Derived only from sales of assets above a total of 40 units)

$180,561 NORTH BRONX $96,600,000 5 Sales

$175,307 SOUTH BRONX $57,150,000 3 Sales

NEWYORKMULTIFAMILY.COM MULTIFAMILY SALES REPORT

LARGEST BRONX SALES

With a commitment to integrity, we operate with our ears to the ground.

1555 Grand Concourse 2018 Monterey Avenue September 2017 | $29,800,000 July 2017 | $10,700,000 149 Units 71 Units $215 Price/SF $194 Price/SF

41-45 Elliot Place 631 East 220th Street July 2017 | $10,000,000 August 2017 | $7,200,000 68 Units 49 Units $221 Price/SF $171 Price/SF

*Includes only single asset transactions

NEWYORKMULTIFAMILY.COM BRONX

NEW YORK CITY Bronx

PROPERTY DATE PRICE UNITS $/UNIT SF $/SF

Paradise Management Portfolio 10-Jul $34,700,000 232 $149,569 207,390 $167 1555 Grand Concourse 27-Sep $29,800,000 149 $200,000 138,737 $215 Belmont Ave Portfolio 31-Jul $26,500,000 104 $254,808 152,424 $174 PranaChestnut Portfolio 21-Jul $17,500,000 79 $221,519 67,770 $258 Prana 3 Portfolio 19-Jul $17,350,000 109 $159,174 86,753 $200 2018 Monterey Avenue 10-Jul $10,700,000 71 $150,704 55,272 $194 41-45 Elliot Place 6-Jul $10,000,000 68 $147,059 45,235 $221 631 East 220th Street 3-Aug $7,200,000 49 $146,939 42,170 $171

Paradise Mgmt. Portfolio 1555 Grand Concourse Belmont Avenue Portfolio PranaChestnut Portfolio Prana 3 Portfolio

2018 Monterey Avenue 41-45 Elliot Place 631 East 220th Street

For further details: Mike Fusco 212.430.5281 [email protected]

NEWYORKMULTIFAMILY.COM MULTIFAMILY SALES REPORT

SECTION IV

QUEENS ANALYSIS This section features Queens multifamily sales above $5MM, from Q2 of 2017

NEWYORKMULTIFAMILY.COM QUEENS

LARGEST QUEENS SALES

With a commitment to integrity, we operate with our ears to the ground.

142-28 38th Ave 25-65 32nd Street August 2017 | $25,000,000 July 2017 | $7,250,000 27 Units 24 Units $505 Price/SF $462 Price/SF

36-01 28th Avenue 89-43 96th Street August 2017 | $6,183,000 August 2017 | $5,200,000 9 Units 28 Units $725 Price/SF $231 Price/SF

*Includes only single asset transactions

NEWYORKMULTIFAMILY.COM QUEENS

NEW YORK CITY Queens

PROPERTY DATE PRICE UNITS CAPRATE GRM SF $/SF

ARES Queens Package 6-Jul $82,750,000 354 4.20% 14.80 272,518 $304

142-28 38th Ave 31-Aug $25,000,000 27 Value Add -- 49,471 $505

88-22 Parsons Blvd and 89-21 153rd St 7-Sep $20,000,000 78 Value Add -- 78,950 $253

43-35 and 43-39 42nd Street 26-Jul $8,980,000 35 3.70% 16.00 23,520 $382

25-65 32nd Street 4-Jul $7,250,000 24 Value Add -- 15,687 $462

36-01 28th Avenue 31-Aug $6,183,000 9 Value Add -- 8,524 $725

89-43 96th Street 25-Aug $5,200,000 28 3.00% -- 22,500 $231

ARES Queens Package 142-28 38th Avenue 88-22 Parsons Blvd and 43-35 and 43-39 42nd 25-65 32nd Street 89-21 153rd St Street

36-01 28th Avenue 89-43 96th Street

For further details: Dylan Walsh 212.430.5102 | [email protected]

NEWYORKMULTIFAMILY.COM

MULTIFAMILY SALES REPORT

SECTION V

COMMERCIAL DEBT FINANCING

NEWYORKMULTIFAMILY.COM FINANCING

RECENT FINANCING

Andrew Dansker Marcus & Millichap 212.430.5168

[email protected] BK18 Portfolio 439 West 21st Street Acquisition Refinance 207-Unit Multifamily 6-Unit Multifamily Strong existing Brooklyn Manhattan relationships with both national and regional lenders.

With more than ten years in the real estate industry, Andrew leads our capital team in securing commercial debt financing for an array of property types.

423 East 84th Street 997A Lafayette Avenue Refinance Acquisition 5-Unit Multifamily 6-Unit Multifamily Manhattan Brooklyn

NEWYORKMULTIFAMILY.COM