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Top Commercial Real Estate Firms In New York City Win Costar Power Broker Awards

The annual CoStar Power Broker Awards featured Ariel Property Advisors,
among several top firms,
as a leading real estate brokerage firm within New York City.
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Our Latest Research

Multifamily Quarter in Review: New York City | Q3 2017

The New York City multifamily market posted its strongest quarter of the year in 3Q17 extending the positive momentum registered towards the latter half of 2Q17. The market topped $2 billion in sales during the quarter for the first time since 4Q16, led by Manhattan which saw two sales above $100 million. Until now, 2017 had only seen a single sale at that level across all sub-markets. The City also saw more transactions this quarter than any other since 3Q16. However, despite the gains, 3Q17’s performance dipped on a year-over-year basis as the market still stands decidedly lower than last year.

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2017 Q3 MULTIFAMILY MARKET STATS COMPARED TO 2017 Q2

Multifamily
Dollar Volume

$2.22B

$1.94B (+14%)

Multifamily
Transaction Count

122

117 (+4%)

Current Prime
Interest Rate

4.25%

3.5%

Resi. Units in
Development

8,336

6,186 (+35%)