The submarket reports are an in-depth look at the specific Investment Sales markets in Brooklyn, Bronx, Manhattan, Northern Manhattan and Queens.
We seek to provide our readers with an overview of the market activity, benchmark transactions, and pricing trends that impact each individual real estate market.
Rare 60’ Wide Income/Conversion Opportunity in Central Harlem: 161 West 132nd Street
FEB
4
135-Spot operating parking garage with a potential gross income of $842,625; 60’ Feet of frontage on West 132nd Street
Rent Stabilization Is at a Breaking Point: Can NYC Find Balance Before It’s Too Late? Forbes
JAN
31
New York City’s polarized political climate has created a misalignment in incentives between tenant advocates and housing providers, leaving landlords unable to reinvest in their properties.
Federal Reserve Maintains Interest Rates at 4.25%–4.50%: Capital Markets Monthly
JAN
30
At its first meeting of the year, the Federal Open Market Committee unanimously voted to keep the federal funds rate steady at 4.25% to 4.50%. This follows three previous rate cuts totaling a full percentage point, though Treasury rates have not declined at the same pace. While inflation has eased significantly, it remains above the Fed’s 2% target. In December, Total Personal Consumption Expenditures (PCE) rose 2.6% year-over-year, while core PCE, which excludes food and energy, increased by 2.8%.