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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 Month in Review: New York City | July 2017

The New York City multifamily market saw its third best month of the year, as July’s activity substantially outperformed the average volumes seen in the first half of 2017, maintaining the positive momentum registered to end 2Q17. While July’s performance dipped on a monthover-month and year-over-year basis, the City’s multifamily market was coming off its strongest two months of the year in May and June.

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2017 Q2 MULTIFAMILY MARKET STATS COMPARED TO 2016 Q2

Multifamily
Dollar Volume

$1.93B

$3.40B (-43%)

Multifamily
Transaction Count

119

183 (-35%)

Current Prime
Interest Rate

4.25%

3.5%

Resi. Units in
Development

6,816

4,278 (+59%)