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Page Management sold a four-building multifamily portfolio in the West Village, Chelsea, and SoHo to Derby Copeland Capital for $60.25M.

Last year, New York buildings with at least one rent-­stabilized apartment sold on average for $203,000 a unit, down 34% since 2019. One of the key reasons for drop in apartment prices in New York is tough rent control. These rules benefit longtime tenants at the expense of newcomers, and they’re an inefficient way to help those who need it most, scholars have found.

US News: Last year, New York buildings with at least one rent-­stabilized apartment sold on average for $203,000 a unit, down 34% since 2019. One of the key re

The 43-story, 310-unit building at 200 W. 67th St. fetched $265 million in a hush-hush transaction last week, sources said. The seller, A&R Kalimian Realty, defaulted on a $225 million senior mortgage last summer. The purchase price was slightly higher than the mortgage amount plus a $25 million subordinate loan.

New York City investment sales had its second-worst year of the past decade in 2023, according to a report from Ariel Property Advisors.