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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 | Q1 2017

Amid uncertainty regarding the presidential election, and a dearth of institutional-level transactions, the 1Q17 New York City multifamily market registered its lowest dollar volume since 1Q13. While transaction volume remained on pace with 4Q16, dollar volume fell 56% as large institutional transactions all but disappeared.

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2017 Q1 MULTIFAMILY MARKET STATS COMPARED TO 2016 Q1

Multifamily
Dollar Volume

$1.60B

$4.00B (-60%)

Multifamily
Transaction Count

117

180 (-35%)

Current Prime
Interest Rate

4.00%

3.5%

Resi. Units in
Development

4,728

5,348 (-12%)