Cushman & Wakefield, Pyramid Close Four Upstate NY Apartment Deals

Cushman & Wakefield, Pyramid Close Four Upstate NY Apartment Deals
News| November 21, 2025| Paul Bubny
New York & Tri-State + Apartment Buildings

Cushman & Wakefield and Pyramid Brokerage Company arranged four multifamily investment sales totaling $200 million-plus across New York State. The volume of activity signals the growing investor appetite for well-located multifamily assets in a region that benefits from high barriers to entry and sustained economic growth and investment.

The transactions included the following:

  • The $36,750,000 sale of the 336-unit Country Glenn in Grand Island, NY by Berkley Properties to NBM Equities.
  • The $31,850,000 sale of the 340-unit U-Crest and Belvedere Manor in Cheektowaga, NY by Pillar Real Estate Investors to Chopp Holdings.
  • The $82,400,000 sale of the 666-unit Clifton Park Portfolio in Clifton Park, NY by affiliates of The Solomon Organization to Merion Realty Partners.
  • The sale of the 234-unit Steeplechase at Malta in Malta, NY by The Silverman Group to 3Y Realty.

Cushman & Wakefield’s Niko Nicolaou, Ryan Dowd, Peter Welch, JP Hohl, and Alexandria Russo Ebers, in collaboration with Pyramid’s Jonathan Weinstein and Robert Stewart, represented the sellers and procured the buyers in these transactions spanning the state from Albany to Buffalo.

“All across Upstate New York, we are seeing new investors entering the market seeking multifamily assets that are positioned to meet the growing demand for high-quality housing in the region,” said Nicolaou. “This demand stems from a robust knowledge economy being fueled by leading medical and educational institutions located across the state and bolstered by significant investment from high-tech manufacturers like Micron and Global Foundries.”

Whether you lend, build, broker, invest, or advise in the multifamily arena, you won’t want to miss Connect Southeast Multifamily on December 4th. If you’re involved in development, repositioning, investment, asset operations, financing, or trading — these insights are designed for you. Take a look at the full event agenda and register now to be in the room on December 4th! www.ConnectSEMF2025.com

Other News

Queens’ Tallest Tower Reaches 90% Leased, Adds First Retail Tenants

New York & Tri-State + Apartment Buildings

BLDG Management Co., Inc announced that The Orchard, Queens’ tallest tower, has surpassed 90% leased across its 824 residences nine months after launching residential leasing. The milestone occurs as the 70-story Long Island City development recently signed its first three retail tenants: K-beauty brand Tokimo, Japanese tea and beverage brand Mollytea and financial technology platform...

Learn more

80-Unit Seniors Housing Development Opens in Suburban Chicago

Chicago & Midwest

Leyden Senior Apartments, a new four-story independent senior living development in Franklin Park, recently opened.  Located at 2506 N. Mannheim Road, Leyden Senior Apartments offers one- and two-bedroom residences. The adjacent newly constructed Carl Fiorito Senior Center will be available to the entire community. Owned by Leyden Apartments LP, Leyden Senior Apartments was designed by...

Learn more

312-Unit Multifamily in Indiana Changes Hands

Chicago & Midwest + Apartment Buildings

Northmarq’s Investment Sales team, led by Bobby Schiavone, Jordan Arand and Adam Klenk, led the sale of The Bend Apartments, a 312-unit garden apartment community located at 1909 Greentree Blvd. in Clarksville, Indiana. Northmarq represented the seller, a regional multifamily developer. The buyer was a private investor. “The Bend generated significant investor demand, further proving...

Learn more
New call-to-action

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up