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As Interest Rates Rise, Brooklyn Real Estate Financing Favors Climbing The Capital Stack

December 5, 2018 – By Matthew Dzbanek; and Dusan Racic, Analyst, Ariel Property Advisors

Our Latest Research

Multifamily Month in Review: New York City | October 2018

The New York City multifamily market started the fourth quarter of 2018 leaving transaction volume unchanged while posting a substantial increase in dollar volume. Comparing the year-over-year average of the trailing 6 months, the average transaction volume remained at 38 transactions, while the average dollar volume increased by nearly 27% to $796.37 million from $628.58 million during the prior year.

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2018 3Q MULTIFAMILY MARKET STATS COMPARED TO 2018 1Q

Multifamily
Dollar Volume

$2.23B

$2.39B (-7%)

Multifamily
Transaction Count

115

108 (-6%)

Current Prime
Interest Rate

5.25%

5.00%

Resi. Units in
Development

6,700

7,596 (-12%)