Recent Transactions

3-Property Multifamily Portfolio

November 22, 2021 Fulton Staff

Multifamily and New York icons.

Fulton Realty Capital advised a high-net-worth investor on the acquisition of three multifamily buildings in across New York City. The off-market transaction was sourced and managed by Fulton's multifamily team.

The portfolio has over 300 apartments across over 500,000 rentable SF. Almost all units participate in the Section 8 Project Based Voucher (PBV) program, and the remainder are rent regulated.

Fulton's advisors secured bridge loan financing to facilitate the transaction, and a process to secure HUD 223(f) financing is underway. A new 420-C tax abatement was also secured by the Fulton team

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