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CREtech
August, 2018

Ariel Property Advisors named one of the nation's top commercial real estate firms by CREtech

Our Latest Research

Multifamily Month in Review: New York City | July 2018

The New York City multifamily market started off the third quarter of the year with a slight decline in transaction volume while dollar volume dropped substantially. Comparing the overall market activity observed during July to the average activity of the previous six months, dollar volume fell across the board in all submarkets, with the exception of the Bronx.

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2018 2Q MULTIFAMILY MARKET STATS COMPARED TO 2018 1Q

Multifamily
Dollar Volume

$2.63B

$2.71B (-3%)

Multifamily
Transaction Count

110

141 (-22%)

Current Prime
Interest Rate

5.00%

4.75%

Resi. Units in
Development

6,700

7,596 (-12%)