By Trevor Damyan, Commercial Mortgage Broker at Commercial Lending Solutions
A $10 million multifamily acquisition in Manhattan typically fits a 12 to 30 unit walk-up or small elevator building, often with rent stabilization. Most $10M Manhattan multifamily acquisitions fund through Fannie DUS Conventional or Freddie Optigo Conventional at 70 to 75 percent LTV.
Get a Quote on Your $10M Deal →$10M Manhattan multifamily acquisitions fund as a single senior agency loan.
Pricing reflects active CLS CRE quote pipeline as of April 2026. Specific deal pricing depends on sponsor, property, and structure.
Typical $10M Manhattan multifamily acquisition sponsors are NYC-area institutional and private capital owners with multi-property portfolios. Manhattan-specific underwriting items include rent stabilization, Local Law 97, Local Law 11, and 485-x.
On a 22-unit walk-up multifamily in Lower Manhattan with 70% rent stabilized and 30% free market mix, the sponsor was a NYC-area sponsor with 6 properties. Freddie Mac Optigo Conventional at 5.85 percent fixed 10-year, 73 percent LTV, $9.8M.
Anonymized. All deal references protect borrower and lender identity.
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