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Shimon Shkury in Forbes

NYC Outer Borough Multifamily Activity Perks Up

New York City’s multifamily market has begun to show positive signs of recovery, and while Manhattan’s sales activity has slowed, investors are becoming more active in Brooklyn, the Bronx and Queens, signaling that the overall market may be pulling out of the depths of the Q2 slowdown. Though Q2 marked the lowest transactional quarter recorded across New York City multifamily in more than a decade, Q3 outer-borough activity is helping the investment sales market tick back up toward pre-pandemic levels. Check out Shimon Shkury's latest in Forbes.

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Multifamily Quarter In Review: New York City | Q3 2020

The NYC multifamily market has begun to show positive signs of recovery in Q3 2020. Price discovery has become more solidified as deals continue to close throughout the year. However, ongoing factors such as rising vacancy rates and reduced collections have significantly affected the value of NYC real estate.

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