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Northern Manhattan development market: 2016 is shaping up to be yet another banner year

Featuring Michael A. Tortorici, Executive VP - Sales Operations, Matthew L. Gillis, Senior Sales Associate and Brett Campbell, Senior Analyst​, Ariel Property Advisors

Our Latest Research

Multifamily Quarter In Review:
New York City | Q3 2016

New York City multifamily sales predominantly consisted of small to mid-size transactions during the 3Q of 2016, leading citywide dollar volume to fall on a quarter-to-quarter and year-over-year basis.

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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%)