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New York City’s multifamily volume totaled $2.21 billion in Q1 2025, a 62% year-over-year increase with sales largely concentrated in free market assets, according to Ariel Property Advisors Q1 2025 Multifamily Quarter in Review New York City. Transaction volume rose 5% from Q1 2024 to 269.
Fully Entitled Corner Development Site with 421-A Tax Abatement or UAP Bonus: 967 Nostrand Avenue
JUN
23
Corner mixed-use development opportunity offering a maximum of 78,832 BSF in Crown Heights; Shovel-ready & fully entitled and primed for immediate construction
Existing 2,850 SF Restaurant with Development Potential, Delivered Vacant: 992 Rogers Ave aka 173 Veronica Pl
JUN
23
Block through lot from Veronica Pl. to Rogers Ave. improved with a 1-story restaurant/lounge; Perfect owner user opportunity with an existing 2,850 sq. ft. building in immaculate condition
40,510 SF lot in Mount Vernon with Approved Plans for 176 Units: 222 East 3rd Street
JUN
11
Fully entitled and approved plans for 176 residential units, 3,842 SF commercial space, and 116 parking spots on a 220’ x 156’ lot; Potential opportunity to increase density with City approved variance allowing for development of up to 225 units
