New York City recorded $1.44 billion in multifamily sales in Q1 2024, a 23% increase from Q1 2023, according to Ariel Property Advisors’ Q1 2024 Multifamily Quarter In Review New York City.
Steady Rates and Clearer Horizons: NY State Charts New Course for Housing Policy:Capital Markets Monthly
MAY
2
For the sixth consecutive meeting, the Federal Reserve voted to maintain the target range for the federal funds rate to between 5.25% to 5.50%. Inflation has eased but remains higher than the longer-run goal of 2%. As part of their decision-making process, policymakers review total Personal Consumption Expenditure (PCE) prices, which increased by 2.7% over the 12 months ending in March, and core PCE prices excluding the volatile food and energy category, which rose by 2.8%.
6-Story, Mixed-Use Commercial-Office Building located in Midtown South: 34 West 36th Street
APR
30
6-story, 11.280 square-foot, elevator building located between 5th and 6th Avenues in Midtown South; Master lease expires in December 2024, allowing for added-value repositioning or owner-user opportunity