Marcus & Millichap Brokers $16.6M Sale of Manhattan Apartment Building
Why this matters
Multifamily has been the most actively underwritten sector through the rate cycle, with cap rate compression resuming in Sun Belt and gateway markets as 2024-2025 deliveries roll off and refinance demand on 2021-vintage bridge loans clears. Transaction velocity is up modestly, concentrated in stabilized Class A and grocery-adjacent garden assets. New York continues to bifurcate sharply: trophy office leasing at record rents, commodity Class B in conversion discussions or court-supervised processes. Rent-stabilized multifamily remains supply-constrained and tightly held. Allocators continue to favor residential for its income durability and its insulation from secular demand questions that still hang over commercial sectors.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- The 96th New York story tracked on the wire in October 2026. All New York coverage →
- Disclosed multifamily deal value tracked in October 2026: $2.9B across 44 reported transactions. All Multifamily coverage →
- 144 stories mentioning Marcus & Millichap on the wire in the past 90 days. Marcus & Millichap coverage →
Computed from Real Estate Trail’s own tracked coverage
NEW YORK CITY — Marcus & Millichap has brokered the $16.6 million sale of 312 Bowery, a 22-unit apartment building in Manhattan’s NoHo neighborhood. The five-story building, which includes a 3,900-square-foot commerci…
External link. Real Estate Trail does not republish source content.
Related coverage — New York · Multifamily
Manhattan Apartment Rents Reach All-Time High as Inventory Hits Seven-Year Low
Manhattan apartment rents reached another all-time high in September 2026, rising 2% from August and 9% from a year ago to a median of $5,395 per month, the Corcoran Group reported Thursday. Average rents moved higher…
Problem loans: Tracking the biggest multifamily delinquencies
Properties recently fell into distress in Missouri, Tennessee, New York and Texas.
The Interest Rate Hike Shifts the Calculus on New York City Multifamily Investing
For the last two years, commercial real estate investors and operators have been waiting for one thing: lower interest rates. They may need to stop waiting. The Federal Reserve in September raised its benchmark rate a…
JLL Negotiates $31M Sale of Brooklyn Mixed-Use Property
NEW YORK CITY — JLL has negotiated the $31 million sale of Kingswood Center, a 226,130-square-foot mixed-use property in Brooklyn’s Midwood neighborhood. Kingswood Center is a three-story building that includes retail…
Former CFTC Senior Counsel Danielle Abada joins Mayer Brown
NEW YORK, Oct. 12, 2026 /PRNewswire/ -- Mayer Brown today announced that Danielle Abada has joined the firm's Capital Markets practice as a partner in the New York office. She joins the firm from the U.S. Commodity Fu…
Inside New York City's Most Iconic Hotel, The Waldorf Astoria
The Waldorf Astoria New York reopens after a full renovation, raising the question of whether the 1931 landmark retains its legendary status.