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Multifamily Quarter in Review: New York City | Q3 2018
The activity experienced by the New York City multifamily market during the third quarter of 2018 was very similar to the activity observed during 2Q18, with significant year-over-year increases compared to 3Q17. Institutional-level transactions were recorded at levels exceeding those that were observed last year. Brooklyn led the market with its transaction volume, while Manhattan posted the highest dollar volume. Interestingly, Queens posted the most significant year-over-year gains. Pricing stayed relatively flat based on the trailing six-month performance data.