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Fed Raises Federal Funds Rate As Anticipated

Featuring Paul McCormick, Vice President of Capital Services, Ariel Property Advisors

Our Latest Research

Multifamily Month In Review: New York City | October 2016

The New York City multifamily market declined in October, with the number of sales slipping from September’s robust volume, while prices held steady across the boroughs compared to third quarter figures. Manhattan bucked the overall trend, leading the city in dollar volume.

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2016 Q3 MULTIFAMILY MARKET STATS COMPARED TO 2016 Q2

Multifamily
Dollar Volume

$3.09B

$3.75B (-18%)

Multifamily
Transaction Count

178

183 (-3%)

Current Prime
Interest Rate

3.50%

3.50%

Resi. Units in
Development

7,169

6,047 (+18%)