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March, 2019

Ariel Property Advisors Receives 2018 CoStar Power Broker Award as a Leading Commercial Real Estate Brokerage Firm in New York City

Our Latest Research

Multifamily Month in Review: New York City | Q1 2019

During the first quarter of 2019, the New York City multifamily market experienced declines in comparison to 2018. With the political power shift that occurred in the New York State Assembly during this past November, impending legislation pertaining to rent regulation is expected to be enacted later this year.

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Q1 2019 MULTIFAMILY MARKET STATS COMPARED TO Q1 2018

Multifamily
Dollar Volume

$2.00B

$2.56B (-22%)

Multifamily
Transaction Count

75

131 (-43%)

Current Prime
Interest Rate

5.50%

4.75%

Resi. Units in
Development

8,532

6,967 (+22%)